Years ago, NBA players (like those in other professional sports), got paid every other week during the regular season. They might get a bonus during the playoffs if the team did well, but in the offseason they had no money flowing into their pockets.
Over the past decade that changed. Now the standard contract now calls for players to get paid over 12 months, giving them cash flow all year long.
This also means the vast majority of NBA players have yet to get most of their pay for this year, which will get interesting as the owners and players union start discussing the “Force Majeure” clause in the CBA to take some of the players’ salaries because of canceled games.
Mark Stein of the New York Times talked about it on Twitter.
However, a handful of big-name players got more their money up front — the CBA allows players to get a chunk of their money in advance then get then rest over a 12-check, six-month span. Some of the biggest names in the sport went for that.
In addition to LeBron James, players such as Kevin Durant, Kyrie Irving, and Blake Griffin have gotten the majority of their pay already.
NBA owners are scheduled to have a remote meeting soon to discuss next steps. They are talking both about the restart of the season (in whatever form that takes) and about invoking the “Force Majeure” clause. That CBA clause allows teams to reduce players’ salaries in the event of an “act of god” kind of event that cancels games – things like war, natural disaster, and epidemics. Obviously, the epidemic part has come into play and shut down the league.
If the NBA doesn’t play any more regular season games — which reports have said is seeming more likely — teams and players will miss about 25 percent of the season (give or take depending on how many games their team played) and owners would want to recoup some money. Doing some of that through “Force Majeure” is on the table, with the canceled games triggering the clause.
The players union warned its members this could happen. For LeBron, Durant and other players who have gotten most of their money up front it could mean checks next season will be docked to make up the difference.