The NBA is proposing to the NBPA that players take a 50 percent paycheck reduction beginning April 15, per Shams Charania of The Athletic and Stadium.
The NBPA has counter-proposed a 25 percent reduction of paychecks starting in mid-May:
Sources: The NBA is proposing to the NBPA that players take a 50 percent paycheck reduction beginning April 15. The NBPA has counter-proposed a 25 percent reduction of paychecks starting in mid-May.
— Shams Charania (@ShamsCharania) April 3, 2020
The NBA is expected to lose a lot of money because of the current lockdown due to COVID-19.
Eric Pincus of Bleacher Report reported on Thursday that if the 2019-20 NBA season is canceled altogether due to COVID-19, Los Angeles Lakers superstar small forward LeBron James could lose over $400,000 per game.
The NBA’s collective bargaining agreement allows the league to reduce player salaries by 1/92.6th for each game missed because of, among other things, epidemics.
Marc Stein of The New York Times reported last weekend that approximately 90 percent of NBA players received less than half of their 2019-20 salaries by the time April 1 checks went out because they are on 12-month payment plans.
Stein also said that there are less than 20 players in the league who have negotiated “all-you-can-get” deals that feature the maximum allowable salary advance, alongside an accelerated six-month payment schedule.
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