NBA AND NBPA REACH AGREEMENT ON PLAYER PAY DUE TO COVID-19 PANDEMIC
April 18, 2020
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.