NBA and NBPA agreed on 25% paycheck reduction starting May 15

2020-04-17T21:36:44+00:00 2020-04-17T21:36:44+00:00.

admin69

17/Apr/20 21:36

Eurohoops.net

NBA and the players association have reached an agreement on the reduction of paychecks which will begin on May 15

By Stefan Djordjevic/ info@eurohoops.net

NBA and NBPA have agreed on the withholding of 25 percent of each player paycheck beginning on May 15, according to Adrian Wojnarowski.

The deal gives a gradual reduction in salary should Force Majeure provision get enacted with the cancellation of regular-season games. Checks on May 1 will be paid in full.

The agreement could also speed up the discussions regarding the salary cap in the following seasons. The cap is calculated via a formula that includes league revenues and the coronavirus outbreak has already significantly impacted it.

There is currently no timetable nor guarantee that the 2019-20 season will resume and commissioner Adam Silver noted that no decision regarding that will be taken before May.

Click here for more NBA news

×