Dwyane Wade is worth $50 million and other underpaid NBA stars

Dwyane Wade recently claimed that he’d be worth $50 million if the market was fair in the NBA. Although our first take didn’t have him making the cut, we did agree he was massively underpaid. But Arturo decided to take another crack at it and address an important factor, and that changed things. Dwyane Wade plays on a good team and in a good market, and these two factors mean his value is higher than it would be if he was playing on a bad team in a bad market. Using this new method, I decided to look at the top 20 underpaid players in the NBA in 2011.

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var win_data = new google.visualization.DataTable();
win_data.addColumn(‘string’, ‘Player’);
win_data.addColumn(‘string’, ‘Team’);
win_data.addColumn(‘number’, ‘Salary’);
win_data.addColumn(‘number’, ‘Wins Purchased’);
win_data.addColumn(‘number’, ‘Wins Produced’);
win_data.addColumn(‘number’, ‘Wins Value’);
win_data.addColumn(‘number’, ‘Underpaid By’);
\['LeBron James', 'Miami',14500000,5.4,22.6,60539812,46039812\],
\['Landry Fields', 'New York',473604,0.2,13.3,41157118,40683514\],
\['Pau Gasol', 'L.A. Lakers',17823000,5.3,17.1,57683899,39860899\],
\['Lamar Odom', 'L.A. Lakers',8200000,2.4,13.5,45391224,37191224\],
\['Dwyane Wade', 'Miami',14200000,5.3,18.1,48469846,34269846\],
\['Kevin Love', 'Minnesota',3638280,2.9,25.1,31614628,27976348\],
\['Dwight Howard', 'Orlando',16647180,9.3,24.5,43702039,27054859\],
\['Rajon Rondo', 'Boston',9090911,3.6,13.6,34765264,25674353\],
\['Blake Griffin', 'L.A. Clippers',5357280,2.8,15.4,29579153,24221873\],
\['Derrick Rose', 'Chicago',5546160,2.3,12,29326602,23780442\],
\['Paul Pierce', 'Boston',13876321,5.4,14,35726387,21850066\],
\['Andrew Bynum', 'L.A. Lakers',13700000,4.1,9.9,33310936,19610936\],
\['Joakim Noah', 'Chicago Bulls',3128536,1.3,9.2,22438002,19309466\],
\['Steve Nash', 'Phoenix',10310938,5.3,14.4,27893501,17582563\],
\['Kevin Garnett', 'Boston',18800000,7.4,14.2,36310241,17510241\],
\['Ray Allen', 'Boston',10000000,3.9,10.7,27390198,17390198\],
\['Jason Kidd', 'Dallas',8610500,4.4,13,25567409,16956909\],
\['Kevin Durant', 'Oklahoma',6053663,3.7,13.8,22763035,16709372\],
\['Al Horford', 'Atlanta Hawks',5444857,3.6,14.4,21860735,16415878\],
\['Chuck Hayes', 'Houston Rockets',1972500,1.1,9.6,17756258,15783758\]
// Bar Format of Wins Produced Column to green/red bar

var wp_formatter = new google.visualization.NumberFormat({fractionDigits:1});
// Currency Formatter for NOI and Salaries
var currency_formatter = new google.visualization.NumberFormat({prefix: ‘$’, fractionDigits: 0});
currency_formatter.format(win_data, 2);

// And draw the table, the allowHTML is huge as the barFormatter generated HTML
var win_table = new google.visualization.Table(document.getElementById(‘underpaid_table’));
win_table.draw(win_data, {allowHtml: true});

Sorting the Underpaid

  • Players on their rookie contract: Seven players including the Rookie of the Year (duh), MVP, scoring leader, and rebounding leader were still on their rookie contracts.
  • Players that can’t be paid what they’re worth: Despite getting massive paydays, there are some players that simply can’t be paid what they’re worth. On this list there are seven such players, including the former MVP and current Defensive Player of the Year.
  • Underrated players: Steve Nash, Ray Allen, Rajon Rondo, Jason Kidd and Lamar Odom are paid well but are still not paid anywhere close to their full value.
  • Chuck Hayes: Chuck Hayes counts as underrated, but with his pay so abysmally low he gets a category all to himself.

After factoring in how much their wins are worth in their respective markets, these are the players that should be demanding a raise. Of course when basketball resumes, these players will be happy to know that their salaries will decrease and that they will become even more underpaid. At least Dwyane Wade was right about being worth $50 million.

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