NBA Player Payroll Slashed Due To Pandemic

UNDATED (AP) – The COVID-19 pandemic is taking a bite out of NBA salaries.NBA players will see 25% of their paychecks taken out starting May 15 in an agreement with the league. The decision was finalized today in a board of governors meeting and was done in concert with the National Basketball Players Association. The cutback in salary has been expected for some time in response to the NBA’s shutdown caused by the coronavirus pandemic. The NBA playoffs would have started Saturday. If none of the 259 outstanding regular season games are played, the players would lose about $800 million in gross salary.Commissioner Adam Silver said it remains impossible for the NBA to make any decisions about whether to resume this season and that it is unclear when that will change.