Published 17:13 IST, April 3rd 2020
LeBron James, Kyrie Irving and Kevin Durant to refuse NBA pay cuts?
NBA pay cuts: LeBron James, Kyrie Irving and Kevin Durant are among NBA players who are reportedly refusing the NBA pay cuts during the coronavirus pandemic.
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LeBron James, Kyrie Irving and Kevin Durant are among NBA players who are reportedly refusing NBA pay cuts during coronavirus pandemic. NBA is currently discussing ways to minimize long-term losses which will be caused by NBA suspension. LeBron James, Kyrie Irving and Kevin Durant are NBA players who have 'all you can get deals', which means that players were to receive all or almost all of ir salaries for NBA 2019-20 season.
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NBA pay cuts: LeBron James, Kyrie Irving and Kevin Durant could refuse NBA pay cuts
NBA pay cuts: LeBron James could lose around $400,000 per game
NBA is bound to Collective Bargaining Agreement (CBA) with a force majeure clause, which can hold back player salaries for every cancelled NBA game. As per ESPN, league and players unions are discussing withholding 25% from all players salaries in a league escrow in case regular-season is cancelled. For each game, approximately 1.1% of salary could be cut. For high-paid players like LeBron James, loss per game could be more than $400,000. As players receive ir remaining paycheck after season has ended, LeBron James and or players will have to pay difference directly to team.
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NBA pay cuts: NBA reduced base salaries of top executives
NBA coronavirus update
While trying to deal with financial losses, NBA is determined to complete 2019-20 season. league is reportedly considering Las Vegas as an option for playoffs to take place. However, news has been confirmed yet.
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17:13 IST, April 3rd 2020