NBA Could Withhold 25% Of Players' Remaining Salaries If Season Gets Canceled

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RealGM Wiretap
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NBA Could Withhold 25% Of Players' Remaining Salaries If Season Gets Canceled 

Post#1 » by RealGM Wiretap » Wed Apr 1, 2020 5:31 am

The NBA and the National Basketball Players Association are discussing several financial outcomes should the rest of the regular season be canceled, league sources told Adrian Wojnarowski of ESPN.


Up to 25% of the players' remaining salaries could be held in a league escrow should the season end without any more games.


Players would lose 1% of their salary for every canceled game based on a force majeure provision written into the collective bargaining agreement, which includes pandemics.


Adam Silver and Michele Roberts are discussing ways for how canceled games could potentially impact a percentage of lost salary for players.


If there is no agreement between the two sides on withholding players' salaries, player would receive a full paycheck on April 15th. The players would be required to pay back a portion of that paycheck under current CBA guidelines should the season be canceled. 


The NBA has no current plans to cancel the season. 


If the league were to enact the force majeure provision, it would also give the NBA 60 days to reopen and renegotiate the current CBA.


The NBA has no interest in exercising this option, according to ESPN. 

Via Adrian Wojnarowski/ESPN

popfan
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Re: NBA Could Withhold 25% Of Players' Remaining Salaries If Season Gets Canceled 

Post#2 » by popfan » Wed Apr 1, 2020 3:53 pm

If the season gets canceled?

Dear NBA owners & white-collared management: The 2019-20 NBA season is canceled and over. It's an illusion to believe that you have a choice in the matter.
DoctorDunc
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Re: NBA Could Withhold 25% Of Players' Remaining Salaries If Season Gets Canceled 

Post#3 » by DoctorDunc » Thu Apr 2, 2020 12:24 am

Dear NBA Players Association:

Now that you have a percentage of revenue deal, please understand it works both ways!

Dear Cable TV company.....

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