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Coronavirus: NBA wants players to take 50 percent pay cut, union counters with 25 percent, per report

CBS Sports

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Article Summary:

The NBA is losing millions of dollars with each day that games cannot be played amid the outbreak of coronavirus, and the moment, it appears as if the players and league are at an impasse when it comes to how to share the burden of that loss. The NBA has asked players to take a 50 percent pay cut while games are on hold, according to Shams Charania of The Athletic. The standard NBA pay schedule calls for 1/24th of a player’s salary to be paid on the 1st and 15th of each month, though players can negotiate different pay schedules so long as at least 20 percent of their base salary is given on standard NBA pay days. Even in a normal season, 10 percent of player salaries are held in escrow in case players wind up making more than the CBA allows, and the force majeure clause in the CBA allows teams to withhold 1/92.6th of a player’s salary for each game that is missed because of this crisis.

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