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| Player | 1997-98 | |
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| 1 | Patrick Ewing | $20,500,000 |
| 2 | Larry Johnson | $8,460,714 |
| 3 | Allan Houston | $6,000,000 |
| 4 | John Starks | $5,112,500 |
| 5 | Chris Childs | $3,120,000 |
| 6 | Chris Mills | $3,000,000 |
| 7 | Charles Oakley | $2,850,000 |
| 8 | Buck Williams | $1,431,000 |
| 9 | Chris Dudley | $1,135,000 |
| 10 | Charlie Ward | $1,054,500 |
| 11 | Herb Williams | $766,667 |
| 12 | Pete Myers | $272,250 |
| 13 | Ron Grandison | $272,250 |
| Total | $53,974,881 | |
*Note: Salary totals and contract counts do not include Team Options or Qualifying Offers.
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