Sunday, February 28, 2021
CLOSE
 
NBA AND NBPA REACH AGREEMENT ON PLAYER PAY DUE TO COVID-19 PANDEMIC
By Sentinel News Service
Published April 18, 2020

NASSAU, BS – FEBRUARY,18: NBPA One Court Meetings at Baha Mar on February 18, 2019 in Nassau, Bahamas . (Photo by Cato Cataldo)

The NBA and the National Basketball Players Association announced today that they have reached agreement on the method for reducing player compensation in the event of a permanent cancellation of 2019-20 regular season or playoff games due to the COVID-19 pandemic. Through this agreement, and in order to provide players with a more gradual salary reduction schedule, partial reductions of 25% will begin with the players’ twice-a-month payment due on May 15.

The CBA stipulates that the compensation of all NBA roster players shall be reduced in the event of a “force majeure” event, such as an epidemic or government order, in accordance with a formula based on the number of games missed.

ADVERTISEMENT
ADVERTISEMENT
Categories: Basketball | Sports
Tags: | | | | | | | | | | | | |

Get the Los Angeles Sentinel App!



Since 1933 The Voice of Our Community Speaking for Itself.
88 Years of LA Sentinel.
Black News.
SEARCH:    
Videos


Black Fact of the Day


Photo of the Day

Events

LA Sentinel
in your pocket:





TOS-Cookbook-Web

LA Watts Times

 
© 2021 Los Angeles Sentinel All Rights Reserved • A Bakewell Media Publication

AboutArchivesContact UsCorrections & MisprintsMedia Kit

Terms of ServicePrivacy Policy

LA Watts TimesTaste of Soul

Close / I'm already on the list

Subscribe Today!

Don't be limited anymore! Subscribe Now »

** Existing subscribers, please Login / Register for Digital »

Subscribe to The Los Angeles Sentinel for only $5.99 $3.99 per month, with 1 month free!

Relax in comfort each week as you read the printed newspaper on your own time, delivered weekly to your home or office. This subscription also includes UNLIMITED DIGITAL ACCESS for all of your devices. Includes FREE shipping! One easy payment of $3.99/month gets you:

Subscribe Now »