NBA Withholding 25% of Players Salaries Starting In May, Says Source
According to reports, the NBA plans to withhold 25% of player salaries beginning May 15, due to the coronavirus pandemic. As one of sports first professional leagues to lead the charge in canceling their entire regular seasons in mid-March, the league reportedly plans to make a “gradual” reduction over the course of the remainder of the season.
According to reporters, the decision was made in conjunction with the National Basketball Players Association and will be expected to continue through the course of the coronavirus crisis,
“in order to provide players with a more gradual salary reduction schedule, partial reductions of 25% will begin with the players’ twice-a-month payment due on May 15.”
Although the season was suspended, NBA players have continued to receive their full salaries through their April 15 paychecks. However, no widespread cuts to any organization, and no support or administrative staff are impacted in relation to the agreement with salary cuts. The league is currently considering several options that would allow players to resume the regular season or alternate a plan for postseason play, according to reports.
As previously reported, the NBA first announced their regular season suspension in responds to an Oklahoma City Thunder match-up against the Utah Jazz on March 11th, when the shocking news was reported that Utah’s Rudy Gobert tested positive for the deadly coronavirus.
In addition, two players from the Utah Jazz, one from the Detroit Pistons, four from the Brooklyn Nets, two from the Los Angeles Lakers and one from the Boston Celtics were diagnosed with coronavirus. Three staffers on the Philadelphia 76ers and one on the Denver Nuggets also tested positive.
As one of the most notable NBA star diagnosed with the deadly virus, Brooklyn Net star, Kevin Durant released a statement on his condition after testing positive. At the time, he told The Athletic,
“Everyone be careful, take care of yourself and quarantine. We’re going to get through this.”
In the day’s following, a number of active players are opening their wallets to help hourly workers who support their teams and work in arenas on a nightly basis. Players including current NBA MVP Giannis Antetokounmpo of the Milwaukee Bucks, Cleveland Cavaliers’ Kevin Love, and Zion Williamson of the New Orleans Pelicans reportedly covered at least $100,000 of their respected area hourly workers salaries.
Do you think the salary reduction to players pay is fair? Let us know your thought in the comments!