Anthony Davis will net less than half of his $62M yearly salary / News - Basketnews.com

Despite landing the richest annual extension in NBA history at a $62 million yearly salary, Anthony Davis will net from $24 million to $30 million after tax at best.

Credit: USA TODAY Sports - Scanpix Credit USA TODAY Sports - Scanpix

Anthony Davis recently agreed to a 3-year $186 million extension with the Los Angeles Lakers.

Anthony Davis

Position:PF, CAge:30Height:208 cmWeight:115 kgBirth place:Chicago, United States of AmericaProfileNewsStatistics

Adrian Wojnarowski from ESPN also reported that Davis landed the richest annual extension in NBA history at a $62 million yearly salary.

However, this number will be much smaller in Davis' bank account. Andrew Petcash broke down Davis' salary, which will be much smaller after the taxes.

Breakdown of Anthony Davis' $62 million yearly salary:

$22.9 million Federal Tax $6 million NBA Escrow $4.1 million California State Tax $1.8 million Jock Tax $1.4 million FICA/Medicare.

That would leave Davis with $24 million in his pocket. However, the Sacramento Kings point guard De'Aaron Fox also put his view, adding that players get the NBA Escrow back in 9 out of 10 cases.

So, in the best-case scenario, Davis would net $30 million.

Last season, Davis averaged 25.9 points, 12.5 rebounds, 2.6 assists, and 2.0 blocks per game in 56 appearances for the Lakers.

Davis joined the Lakers in 2019 after a trade from the New Orleans Pelicans. Since then, Davis became a champion with the Lakers in 2020.

He was also named an NBA All-Star in the 2019-20 and 2020-21 seasons.

Throughout his career as a Laker, Davis averages 24.6 points, 10.1 rebounds, 3.0 assists, and 2.1 blocks per game in 194 appearances for the team.

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