Report: Owners Seek to Cut NBA Salaries By 20 Percent

Filed under: NBA Rumors, NBA Transactions, Sports Business and Media

Two reports over the past week -- one by Frank Hughes of Sports Illustrated and a second appearing in Sports Business Daily (subscription required) -- suggest the coming formal proposal from NBA owners regarding the salary split in the league's new collective bargaining agreement could lop off as much as 20 percent from player payroll. Currently, players are guaranteed 57 percent of basketball-related revenue earned by the league. Hughes reports the owners are looking to lower that share to 45 percent.

This season, that would have devoted roughly $1.4 billion to player salary instead of the $2 billion actually paid out, better than a 20 percent difference.

 

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Full story at http://nba.fanhouse.com/2010/02/01/report-owners-seek-to-cut-nba-salaries-by-20-percent/