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According to ESPN’s Adrian Wojnarowski, the NBA and NBPA have been in contact about what happens if the rest of the 2019-20 regular season is cancelled. One scenario being discussed between both parties is withholding up to 25 percent of remaining salaries for players, if that does indeed happen down the line.
ESPN Sources: The NBA and NBPA are discussing scenarios for withholding up to 25 percent of players remaining salaries in a league escrow should regular-season games eventually be cancelled. Story: https://t.co/KlGLY85nMp
— Adrian Wojnarowski (@wojespn) April 1, 2020
As the sports world is shut down due to the COVID-19 pandemic, the NBA is working to find possible solutions.
Wojnarowksi noted the force majeure will go into place immediately if games are scratched. This means players lose one percent of their salary per every game cancelled. It adds up financially if you add up all the full rosters for 30 teams together.
There’s a deadline for this occur, though. April 15 is when the next set of player checks go out. If no agreement or change happens within the next two weeks, salaries will go on as scheduled unless something else changes.
If the NBA goes ahead and enforces a force majeur, it will change the league for years. Not only would the collective bargaining agreement possibly be changing, but salary distribution undergoes a metamorphosis under this clause as well.
Stay tuned as we wait eagerly for the next update from league officials on what comes next during this crazy time. For more on this, check out Wojnarowksi’s full report here.
Do you believe regular season games will resume, Suns fans?