Players Association tells NBA agents that owners may withhold part of players’ salaries if season is canceled
The National Basketball Players Association said there's no news on when or if the season will resume, and there's no set cutoff date to decide.
The National Basketball Players Association stressed during a conference call with NBA agents Tuesday that no decision has been made about resuming the season, a league source confirmed. The agents were also informed that there hasn’t been a consensus on a cutoff date to make a decision.
However, the union did reiterate that owners could withhold 25% of players’ remaining salary if the season is canceled. Among other topics were predraft guidelines along with the uncertainty regarding this season’s revenue sharing and next season’s salary cap.
The pay reduction would not affect players waived before March 13 or those on two-way contracts.
The source said the owners would most likely deduct 15% from players’ remaining salary since they already withhold 10% in escrow.
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Meanwhile, agents were reminded that NBA teams are not permitted to work out 2020 NBA draft prospects. Prospects can sign with an agent, but NBA teams will be fined if they do anything in regard to interviewing, working out or watching new videos of draft prospects.
The agents were told the NBA has yet to do an audit for this season because of the uncertainty involving the remainder of the campaign. As a result, the players’ portion of the league’s revenue sharing has yet to be determined, agents were told. Next season’s salary cap also has not been determined.
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All NBA games were suspended March 11. Commissioner Adam Silver announced the next day that play would be suspended for at least 30 days. However, the new expectation is that the NBA might not resume until July, if at all.