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Blog Entry

The players are about to get paid

Posted on: September 8, 2011 1:22 pm
 
Posted by Royce Young

For the most part, NBA players don't see their first paycheck until Nov. 15. Which is part of the lockout process. If you want the players to feel the pain of being locked out, make them miss a paycheck.

Except there's a catch: They're about to get paid anyway. Via Sheridan Hoops:

The money represents the 8 percent of each player’s salary that was withheld from their paychecks last season under the NBA’s escrow tax system, which was put in place to ensure that the players received no more than 57 percent of basketball related income in the 2010-11 season.

A total of $161 million in escrow funds were withheld last season, and the league office sent a stack of more than 350 checks to the Players Association last week to begin issuing the refunds, SheridanHoops has learned.

And this is after the league sent $26 million to the players to pay out the 57 percent BRI they were owed. (Right now though the union is hanging on to that money until it's decided how it'll be distributed.)

As PBT notes, for Kobe, that's a smooth $1.9 million. He was set to make something like $500,000 a month in Turkey. Eddy Curry gets $927,746. Landry Fields $37,888. That's important money.

And Sheridan also points out that while most players are paid first on Nov. 15, the longer contract guys often are paid on a 12-month basis. About 25 percent of players are in fact. So not only are those players missing paychecks right now, but the owners aren't paying it either.

It's another feather in the cap for the players to make a little extra money. It's another reason they aren't sweating this lockout too hard. As of now though, it's hard to figure if that's a good or bad thing for us fans.
Category: NBA
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