Perks of the Per Diem
It pays to be an NBA player. On top of making millions of dollars, apparently they get an allowence too!
Per Diem - What It IsPart of the NBA's collective bargaining agreement, each NBA player receives $106 US for every day they are on the road. It serves as their meal money - roughly $19 for breakfast, $30 for lunch and $57 for dinner. Not a bad deal, considering $106 can easily feed a family of five for a week! The $106 a day is a nice raise from the original per diem. In 1957 the NBA's per diem was $7 a day.
Per Diem - How It's DistributedAt the beginning of a road trip, each player is given an envelope of per diem money. For example if the team is on a five-day-road-trip, each player's envelope is filled with $530 US! The average salary for an NBA player is $5.5 million a year, so it's not like the players need the extra money. But everything in the NBA is first class. The players stay is five star hotels and fly in private jets. All of which is also on the NBA's dime!
Per Diem - CheapskatesAll players spend their per diem differently. Some spend all their money on food, while others (particularly the younger players) opt to be penny pinchers with their food money. Here are some examples.
Per Diem - How Others Spend it