The NBA and the National Basketball Players Association are finalizing a plan to withhold 25% of each player’s paycheck beginning May 15, sources told ESPN.
A formal ratification of the plan was underway Friday, but details are in place to deliver a gradual reduction in player salaries should the force majeure provision in the collective bargaining agreement be enacted with the cancellation of regular-season games. Players would receive their full paychecks on May 1.
The plan would serve as something of an escrow account that would return money to the players should all the remaining regular-season games be played in a resumption of the season. Otherwise, teams would keep a percentage of the money based on the cancellation of games.
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