NBA to Cut Player Pay by 25 Percent for Coronavirus

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NBA to Cut Player Pay by 25 Percent for Coronavirus





© AP


The Commissioner of the NBA, Adam Silver, He believes the league still has room to make decisions about whether to resume its season.

But in a clear sign that some of the 259 regular-season games that failed to take place due to the coronavirus pandemic may not be rescheduled, the league announced that it will cut player wages by 25 percent starting May 15. . It is the first direct blow to their salaries following the health crisis.

The decision was made at a meeting of the governing board and agreed with the NBA Players Association. Players will receive their full salary on May 1. The cut was long awaited in response to the inactivity that started on March 11 and has no clear end.


LeBron James during a duel with the Lakers in the NBA


© Record
LeBron James during a duel with the Lakers in the NBA


“With this agreement and to provide players with a gradual salary reduction schedule, the partial decrease of 25 percent will begin with the payment that occurs twice a month and was scheduled for May 15,” the NBA reported in a press release.

The postseason would have started on Saturday. If none of the remaining regular season duels are contested, the players of the NBA they would lose $ 800 million of gross wages.

Removing 25 percent of their salary from May 15 (and probably the same amount on June 1 and June 15 if the season does not resume at that time) will cause a loss of 40 million for players in each payday.

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