NBA players set to lose $1.2 BILLION in salary if season doesn't resume in Orlando: Report

As NBA has w finalized ir decision of returning in July, several NBA players have been reported to be against plan to return in Orlando's Walt Disney World. While NBA Commissioner Adam Silver has stated that player is obligated to return and play, league and NBA players salaries will severely be affected. Reports have also stated a loss of billions due to COVID-19 pandemic, which will deepen if NBA stars decide to sit out of games. 

Also read | NBA teams could face upto $28.75 million penalty due to luxury tax problems: NBA players salary, NBA finances

NBA needs players to support league's Orlando report to avoid more financial losses

As per ESPN's Adrian Wojnarowski, NBA players are being warned by ir respective nts about financial impact y will have to bear if y do t play during NBA return in Orlando. Wojnarowski added that nts have been warning players this entire week, explaining both short-term and long-term implications if games are t played. As per report, players will be losing $300 million from ir salary, while if season does get cancelled, ar 25 percent of salary will be lost under 'Force Majeure' clause. Along with that, an additional 10% salary held in escrow will also be reduced. In total, NBA players will end up losing $1.2 billion in salaries this season. 

Also read | NBPA t expecting major drop in $115 million NBA salary cap despite likely losses: NBA players salary, NBA finances

This also includes problems for upcoming 2020-21 season. league can terminate collective bargaining agreement which already has a clause for a mutual opt-out for 2022-23. NBA and National Basketball Players Association (NBPA) will have to negotiate various financial and competitive items to deal with significant loss of revenue. reports added that nts think league will respond to cancellation by ending CBA, which will lock out players and move to work on an 'unfavourable' financial share of basketball-related income (BRI), which is currently a 50-50 split. 

Also read | Kyrie Irving hints at NBA return through an Instagram story on a basketball court: Kyrie Irving news

While NBA has stars like Los Angeles Lakers' LeBron James supporting NBA return, league w needs more players to completely be on board about restart in Orlando. Brooklyn Nets Kyrie Irving, who is also NBPA's vice president, was one of players against travelling to Orlando. Wojnarowski reported that Kyrie Irving had become 'less communicative' before his conference call on Friday (Saturday IST) with executive committee and was more involved with NBA return and social justice reforms. However, Irving was also reported to say that though he does t agree with plan, he will travel to Orlando if all players think it is correct decision. 

Also read | Steph Curry, LeBron James likely to owe NBA upto $420,000 after recent pay cuts: NBA players salary, NBA finances

(Im source: AP)