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NBA Players Agree to 25% Salary Cut During Coronavirus Shutdown

state Utah Coronavirus testing virus jazz players
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variety.com
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By Scott Soshnick National Basketball Association players have agreed to a 25% reduction in their salaries while games are on hold because of the Coronavirus.

Under terms of the agreement, ratified today by the owners and players’ association, the withholding will begin with the May 15 paychecks.

The funds will be held in escrow until it’s known how many games, if any, are ultimately lost. The NBA on March 11 became the first major U.S.

sports league to pause its regular season, taking the step after a Utah Jazz player tested positive for the virus that has killed more than (140,000) people.

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