Previously reported, Norris Cole's annual salary reached $5 million, the highest in CBA history. However, according to the Jinan Times, this news is not true at present.
For whether Cole's specific annual salary reached $5 million, the relevant staff of the Shandong men's basketball team responded: "I can only say that Cole's annual salary is not much different from other small foreign aid in the CBA, the introduction of domestic and foreign aid is basically the same, and I don't know how this news came about." ”
Most CBA clubs will not disclose the annual salary of foreign aid, and although the Shandong men's basketball team did not disclose the specific annual salary of Cole, it was also a denial of the annual salary of 5 million.
Although the value of CBA foreign aid has risen in the past two years, the value of small foreign aid is generally not as high as that of large foreign aid. At present, the value of CBA foreign aid is generally more than 1 million US dollars, and there are many more than 2 million US dollars, but the contract amount of small foreign aid in a single season is not so high, and it is already few that can reach 1.5 million US dollars. In the 2015-2016 season, the Pelicans signed Kerr for a one-year contract for $3.04 million (before tax). Considering that the average tax rate in the United States is around 40%, Cole's income is around $1.8 million. According to the CBA market, the club's offers to foreign aid are all after-tax amounts. The 28-year-old Kerr is still at the peak of his career and is an NBA starting point guard, he can make up his mind to work in the CBA, the salary will certainly not be less than $1.8 million, it should be more than $2 million, but it is indeed a bit of an exaggeration to say that the annual salary is $5 million.
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