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Jakarta Post

NBA players to receive 25 percent less pay from May 15



Los Angeles, United States   /   Sat, April 18, 2020   /   09:40 am
NBA players to receive 25 percent less pay from May 15 An NBA logo is shown at the 5th Avenue NBA store on March 12, 2020 in New York City. More NBA players have tested positive for COVID-19. (Getty Images via AFP/Jeenah Moon)

The NBA has reached an agreement with the National Basketball Players Association to withhold 25% of each player's salary from May 15 due to the shutdown of the sport because of the coronavirus pandemic.

The deal would provide a gradual reduction in player salaries in case a "force majeure" event, such as the pandemic, wipes out the rest of the regular season.

The money will be placed in escrow and paid back to players if all of the remaining regular season games are played, ESPN reported.

If only part of the season can be played, the amount paid out would be on a pro rata basis based on the number of games completed.

The salary reductions will continue through the first two months of the 2020-21 NBA season, ESPN said.

The NBA has not held a game since March 11 and it is unclear when it might return to action.