As the days go by, the thought of the NBA season getting canceled altogether is bigger, which would take the league to make some decisions that would affect the majority of players and their paychecks. If the season is finally canceled, as rumors have suggested in recent days, the NBA could withhold 1.08 percent of each player’s 2019/20 salary for every game missed.
According to Marc Stein of the New York Times, the league can do that by invoking a “force majeure” clause designed for emergency situations. However, some players received a big percentage of their money upfront, which means they are safe.
Roughly 90 percent of NBA players will have received less than half of their 2019-20 salaries by the time April 1 checks go out because they are on 12-month payment plans, league sources estimate
— Marc Stein (@TheSteinLine) March 31, 2020
Less than 20 players leaguewide have negotiated all-you-can get deals which feature the maximum allowable salary advance alongside an accelerated six-month payment schedule
— Marc Stein (@TheSteinLine) March 31, 2020
Stein adds that only nine players will get 90% of their salary paid by April 1, which was the last time every player got a paycheck.
“Nine who secured these all-you-can-get deals, which pay out 90-plus percent of their 2019-20 salaries by April 1, are represented by Klutch Sports on contracts structured and negotiated by agent Rich Paul and attorney Mark Termini,” he wrote on Twitter.
Nine who secured these all-you-can-get deals, which pay out 90-plus percent of their 2019-20 salaries by April 1, are represented by Klutch Sports on contracts structured and negotiated by agent Rich Paul and attorney Mark Termini
— Marc Stein (@TheSteinLine) March 31, 2020
“The nine Klutch players are naturally led by LeBron James and include John Wall, Kentavious-Caldwell Pope, Dejounte Murray, Miles Bridges, Darius Bazley, Darius Garland, Terrance Ferguson and Trey Lyles. Next season it will be 10 when Draymond Green’s contract extension kicks in,” Stein added.
The nine Klutch players are naturally led by LeBron James and include John Wall, Kentavious-Caldwell Pope, Dejounte Murray, Miles Bridges, Darius Bazley, Darius Garland, Terrance Ferguson and Trey Lyles. Next season it will be 10 when Draymond Green’s contract extension kicks in
— Marc Stein (@TheSteinLine) March 31, 2020
Rich Paul has been known for his magic at the time of getting his clients very good deals. This is another example of that. Besides LeBron James, other big names have gotten the majority of their payments already, including the likes of Kevin Durant, Kyrie Irving, and Blake Griffin.
If the 2019/20 NBA season is finally canceled, teams and players will miss about 25 percent of the season depending on how many games they played. This would become a nightmare for team owners, which led to the possibility of triggering this ‘Force Majeure’ clause.
Rich Paul is one of the best agents in the world of sports, and he doesn’t seem to be stopping doing impressive things anytime soon.
