Report: NBPA Postpones Call with Player Agents About Contract Payments

Joseph Zucker@@JosephZuckerFeatured ColumnistApril 6, 2020

OAKLAND, CA - JUNE 13: A generic photo of the game ball used for Game Six of the NBA Finals on June 13, 2019 at ORACLE Arena in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2019 NBAE (Photo by Noah Graham/NBAE via Getty Images)
Noah Graham/Getty Images

The NBA Players Association postponed a call with a group of player agents regarding the financial ramifications of canceled games due to the COVID-19 pandemic, according to ESPN's Adrian Wojnarowski.

Wojnarowski reported in March the NBA and the players' union were in negotiations over a plan "for withholding up to 25 percent of players' remaining salaries in a league escrow." The current collective bargaining agreement stipulates players forfeit around one percent of their per-game salary for every game that is canceled.

Brian Windhorst of ESPN reported Monday those around the league are beginning to shift their focus away from restarting the 2019-20 season and toward the consequences of wiping out the rest of the year.

According to Windhorst, the team owners are looking to amass a pool of money to make up for some of the shortfall the NBA would absorb by waving the white flag. FiveThirtyEight's Neil Payne estimated the league could lose $1 billion in total revenue.

Wojnarowski initially reported March 20 that players were set to receive their full paychecks April 1 but could see the effects of the ongoing pandemic reflected in their April 15 checks.

He also explained that in the event the players didn't reach a compromise to put money away in escrow, they'd still be on the hook down the road:

"If the NBPA doesn't agree to withholding possible force majeure payments in a similar escrow fashion, players would have to pay back the difference in the money owed to the team at season's end. If a player is traded or signs a free-agent deal with a new team without having fulfilled the payment, the new team would be required to withhold the difference in salary payment to the player and send the money owed to the previous team, according to the CBA."

Windhorst's report in particular cast significant doubt on whether the current season will resume at all despite the obvious desire from all involved parties to return to a level of normalcy.

Given China has been ahead of the United States in the pandemic's spread, the Chinese Basketball Association was viewed as a possible template for the NBA to follow. As the CBA was lining up its restart, the government indefinitely restricted all major sporting events over public health concerns in what was a setback for the NBA.

Related

    New Details on NBA's Return

    ◾️ Woj: Eight regular-season games for seeding ◾️ Shams reveals how a potential play-in tournament would work

    NBA logo
    NBA

    New Details on NBA's Return

    Adam Wells
    via Bleacher Report

    'Inside the NBA' to Air Special on Social Injustice, Return to Play

    NBA logo
    NBA

    'Inside the NBA' to Air Special on Social Injustice, Return to Play

    Joseph Zucker
    via Bleacher Report

    Athletes Speak Out on George Floyd's Killing

    NBA logo
    NBA

    Athletes Speak Out on George Floyd's Killing

    Tim Daniels
    via Bleacher Report

    Black Lives Matter to Us

    Here are some links so you can get involved ➡️

    NBA logo
    NBA

    Black Lives Matter to Us

    Google
    via Google