Italian league reaches agreement with players, coaches on salary cuts

2020-04-10T16:52:26+00:00 2020-04-10T16:53:12+00:00.

Antonis Stroggylakis

10/Apr/20 16:52

Eurohoops.net

The amount of the reduction will depend on how big the salary is.

By Eurohoops team/ info@eurohoops.net

The Italian League (Lega Basket Serie A) announced that it has reached an agreement with the associations of Basketball Players (GIBA) and coaches (USAP) regarding salary cuts due to the cancellation of all activities due to the coronavirus pandemic.

The two sides agreed on guidelines that include a 20% reduction in gross salary numbers of players and coaches with contracts that exceed 50,000. The contracts from 30 to 50,000 will take a 20% cut while there won’t be any reduction to lower contracts.

“The players have been exemplary professionals in these months of great difficulty, from all points of view. The further availability they demonstrate in these hours ins a gesture of love for the world of basketball. Their sensitivity and spirit of sacrifice demonstrate how they can be protagonists on and off the pitch and how fundamental their active involvement in future decisions for Italian Basketball is,” said GIBA president Alessandro Marzoli.

All basketball leagues in Italy, one of the hardest-hit countries by the coronavirus outbreak in the world, were canceled on April 7.