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NBPA Not Expecting Major Drop In $115 Million NBA Salary Cap Despite Likely Losses

The National Basketball Players Association (NBPA) thinks the NBA salary cap will not take a 'drastic drop' from the previously estimated $115 million.

NBPA

The National Basketball Players Association (NBPA) thinks the NBA salary cap will not take a drastic drop from the previously estimated $115 million. As the NBA is bound to face major losses due to the NBA suspension, the NBA salary cap was also supposed to be reduced. However, the NBPA does not expect a 'drastic drop' for the NBA minimum salary cap.

Also read | NBA coronavirus: NBA players stand to lose $600 million on 2019-20 season getting cancelled

NBA minimum salary cap will not drastically drop, says NBPA 

According to NBPA, while the Basketball Related Income (BRI) is expected to drop, the NBA salary cap will be calculated fairly and not be based solely on this season's income. As per reports, the NBPA and NBA will work together to make sure the NBA minimum salary cap is calculated properly while the BRI faces a reduction. the NBPA believes that the coronavirus will affect the BRI as the suspension announced on March 11 continues might stretch over multiple months. The league is currently looking at various options to resume the season, including holding the season at a neutral location like Las Vegas or Hawaii. Recent reports suggest that the league is planning to complete the season by Labour Day weekend.

Also read | NBA coronavirus suspension could land a MASSIVE financial blow of up to $500 million

Various reports have also claimed that if the NBA does not resume and cancels even the regular season, NBA players will have to lose at least a part of their salary for every cancelled game. Overall, every player is expected to lose at least 20%-25% of their annual salaries. If the Force Majeure clause is invoked between the Collective Bargaining Agreement (CBA) and NBA, the NBPA is considering withholding NBA salaries to avoid future losses. 

Also read | NBA to readjust NBA salary cap and luxury tax for 2020-21 season; Warriors could be in trouble

When will NBA resume?

Also read | Kyrie Irving replaces out-of-favour Pau Gasol as NBPA's Vice President

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