For their first NBA championship in 53 years, the Knicks will also get a bump in their bank accounts.
Per Sportico’s Kurt Badenhausen, each player on the Knicks will earn an additional approximately $770,000 for winning the title.
The team share for winning the NBA Finals is $9,078,000, and this will be split amongst the team.
As Badenhausen pointed out, the added money is huge for players on the team with lower salaries. Jeremy Sochan has the lowest salary on the team of those not on two-way contracts with $806,000. Mohamed Diawara makes $1.3 million and Jose Alvarado makes $1.7 million.
The franchise will also receive $471,000 for finishing as the third seed in the Eastern Conference this season, alongside bonuses for going through the first round, the conference semifinals and the conference finals.
Players will also likely receive more money from outside the NBA playoff prize pool that is tied to their individual contracts through incentives.
The full NBA playoff pool including all teams and results is worth $35.74 million. Payouts for each team differ based on regular-season finishes and playoff results.
The San Antonio Spurs, as the Finals runner-up, will bring home an extra $3.921 million alongside their prizes from their progress through earlier playoff rounds.
There are also rewards for the best regular-season results. The team with the best record in the NBA earns $896,000, while the top record in each conference merits $784,000. The bonuses proceed down to the sixth-best record in each conference, which gets $210,000.
Of course, the biggest prize will always be the championship itself, but the money that comes with it, especially for the players earning less money, is a nice add-on too.
