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Retired NBA Players Still Getting Paid

Updated on October 29, 2019
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Yawnie has been an avid NBA and lakers fan for over 25 years.

Waiving Players Via Stretch Provision

Most sports fan are familiar with Bobby Bonilla day, but for those who are not. In 2000 Bobby Bonilla was released by the New York Mets. He was still owed 6 million dollars. Mets owner Fred Wilpon was heavily invested in the Bernie Madoff ponzi scheme, and there would have been an 8% interest rate for Bonilla's salary. In a unusual deal the Mets will pay Bobby Bonilla approximately 1.19 million dollars until 2035. Every single July 1st is now claimed as Bobby Bonilla day. In the current rules of the NBA when a player is waived still under contract, you are allowed to extend the payout by doubling and adding a year. So someone with 2 years remaining on their contract to be paid, you double it, making it 4 and add a year to make it 5. Here are some former players who are still getting paid. The NBA is a tough league, one minute your a star and the next your out of the league.

7. Andrew Nicholson

Andrew Nicholson is a former 19th overall pick of the Orlando Magic in 2012. Andrew had a very good collegiate career at St. Bonaventure. He also played four years with the Magic before things went south. In 2016 he signed a 26 million dollar deal over 4 years with the Washington Wizards. Things looked great for Andrew, until he was traded twice in one year. Nicholson was waived by the Portland trailblazers before the 2017 season started. At 29 years old he has been out of the league for three years, but has made a great career for himself in China. He averaged 27 points per game last season with the Fuijian Sturgeons. Maybe he will try to come back like Jimmer Fredette after having success in China as well.

NBA career averages: 6 ppg 4 rpg

Getting paid until : 2023-2024 season

6. Matt Barnes

Matt Barnes was drafted 46th overall in 2002 by the Memphis Grizzlies. Matt bounced around in the league playing for 9 teams, and made a second stint with his team 3 other times. Matt was known as a great defender and could knock down the open 3 pointer as well. He is probably more notorious for beating up former player Derek Fisher for romancing with his ex wife. I'll let you google that one if you don't remember that. Barnes retired from the NBA in 2017 after winning his first and only championship with the Golden State Warriors.

Career averages: 8.2 ppg 4.6 rpg 1.8 apg

Getting paid until: 2019-2020

5. Larry Sanders

In 2010 the Milwaukee Bucks drafted Larry Sanders with the 15th overall pick. Larry received limited playing time in his first 2 years in the league. In his third season is when he became starter, and when he really shined. After that season he sustained an injury, and was never the same player after that. He also checked himself into a facility for anxiety and depression. The Bucks waived him, but he made an attempt to return to the league and was successful. He last played for the Cavaliers in 2017, appearing in 5 games, and retired again.

Career averages: 6.4 ppg 5.7 rpg 1.8 bpg

Getting paid until : 2021-2022

4. Luol Deng

In 2004 the Phoenix Suns drafted Luol Deng with the 7th overall pick, and was immediately traded to the Chicago Bulls. Deng made an immediate impact on the Bulls, and was a great second option in the Derrick Rose years for the Bulls. Deng was an excellent defender and could score from all over the floor. Deng played for 5 NBA teams, but had his best years with the Bulls. The Lakers in 2016 signed him to a very lucrative 72 million dollar deal over 4 years. He was waived in his second year, and played in 22 games last year for the Minnesota Timberwolves. He signed a one day contract before the season started with the Chicago Bulls in order to retire with the team that drafted him.

Career averages: 14.8 ppg 6.1 rpg 2.3 apg

Getting paid until: 2021-2022

3. Josh Smith

Josh Smith was drafted 17th overall by the Atlanta Hawks in 2004. Smith was an incredible athlete, and showed it off every night with some phenomenal dunks. He could score, rebound, and defend. Smith enjoyed great success with the Atlanta Hawks teams who just couldn't get over the hunch in the playoffs. He signed a 54 million dollar deal with the Pistons in 2013-2014 season, and was released one third of the way into the season of his second year with the team. Josh was putting up his usual numbers, but the team was not enjoying any success from it. He played a couple more years for the Rockets before retiring in 2016. Actually he played 12 minutes for the Pelicans in 2017 before officially retiring.

Career averages: 14.5 ppg 7.4 rpg 3.1 apg 1.2 spg 1.9 bpg

Getting paid until: 2019-2020

2. Deron Williams

In 2005 the Utah Jazz selected Deron William with the third overall pick. Williams is a former 3 time all star, and a 2 time all NBA second team winner. He was not a freak athlete, but was a solid at a lot of things. Solid scorer, passer, and defender. Deron Williams was among the top point guards in the league for many years. As you get older, your body is just the same anymore. Williams enjoyed success with the Jazz and Brooklyn Nets, never winning a championship though. Deron Williams was an excellent player I enjoyed watching in my teenage days. His contract was bought out with two years remaining, and had a stint with Dallas and Cavaliers before retiring in 2017.

Career averages: 15.7 ppg 7 apg 3.2 rpg

Getting paid until: 2019-2020

1. Monta Ellis

Monta Ellis was the 40th overall pick in 2005 to the Golden State Warriors. Ellis was voted most improved player in 2007. He was never an all star, but he could light up the scoreboard each night. He was traded in 2012 to the Milwaukee Bucks to make way for the growth of Klay Thompson and Stephen Curry. Ellis still lit up the stat sheet. He also played for the Dallas Mavericks and Indiana Pacers. In 2015 Ellis signed a 44 million dollar deal over 4 years with the Pacers. In 2016 he lost his starting job after sustaining an injury, and in 2017 he was waived by the Pacers, thus concluding his NBA career.

Career averages: 17.8 ppg 4.6 apg 3.5 rpg 1.7 spg

Getting paid until: 2021-2022

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