The NBA and the National Basketball Players Association are finalizing a deal to withhold 25% of players’ salaries starting on May 15, according to Adrian Wojnarowski from ESPN. The players will still receive their full salary in the May 1 paychecks.
ESPN story on NBA and NBPA finalizing plan to withhold 25 percent of player paychecks starting on May 15. https://t.co/XdsYuNfo4K
— Adrian Wojnarowski (@wojespn) April 17, 2020
Since the NBA suspended the regular season due to the coronavirus pandemic, the league and the NBPA started the conversations in the last days of March to retain a percentage of the players’ salaries.
The money will be placed in an escrow account and will be returned to the players if the NBA season resumes and all the remaining games of the regular season are played. If the previous scenario doesn’t happen, the teams will retain a percentage of the money according to the number of games that get canceled.
