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NBA AND NBPA REACH AGREEMENT ON PLAYER PAY DUE TO COVID-19 PANDEMIC

NBA AND NBPA REACH AGREEMENT ON PLAYER PAY DUE TO COVID-19 PANDEMIC

NEW YORK, April 17, 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.

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.