[Saba Sports News] The Los Angeles Lakers’ victory in the NBA In-Season Tournament not only secured them the first-ever title but also proved financially rewarding for three two-way players: Colin Castleton, Alex Fudge, and D’Moi Hodge. With the win, each player received a substantial bonus of $500,000, nearly doubling their previous salaries. This bonus signifies a major milestone in their careers, transcending beyond monetary value.
LeBron James revealed that his younger teammates’ immediate reaction to their victory was an inquiry about when they would receive their bonus. While the amount may seem modest compared to the earnings of stars like James and Anthony Davis, it served as a significant motivator, enhancing the tournament’s competitive spirit.
Prior to the tournament, the salaries of these two-way players stood at $559,782. The championship win dramatically increased their earnings to $1.09 million, effectively elevating Castleton, Fudge, and Hodge to millionaire status.
However, it’s important to consider the tax implications of this financial gain. In California, known for its high tax rates, the players won’t receive the entire $500,000. After deductions for federal, state, and payroll taxes, it’s estimated that each player will net around $231,000.
Despite the tax deductions, the bonus is a significant and well-earned reward, acknowledging the crucial role these players played in the Lakers’ success in the inaugural NBA In-Season Tournament.