NBA Announces League-Wide Salary Cut For Top Executives, Including Adam Silver

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It is looking increasingly unlikely that this NBA season will return. As COVID-19 continues to rage in the U.S., lockdown is only going to increase in severity as quarantine becomes the priority.

With this news comes a bleak outcome: the NBA will lose at least a billion dollars. And, to offset their losses, the league is instituting pay-cuts for personnel — starting with those at the very top.

Woj revealed the cut to be at 20% for at least 100 of the top-earning league executives.

In this business, it’s rare for the guy at the top to be the first to sacrifice in times of crisis. The coronavirus pandemic is something nobody asked for and it’s really encouraging to witness how Silver and the rest of the NBA have responded since things first went downhill.

Silver has done everything right so far and to be the first to take the financial bullet is just another reason he has done such a great job leading the community through this difficult time.

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Nico Martinez is a veteran staff writer for Fadeaway World from Brooklyn, New York. He joined Fadeaway World in 2016 and is currently residing in Columbia, South Carolina. Nico holds a degree in Sports Management from Columbia International University where he built a strong foundation in the inner workings of sports media and management. Nico's contributions have significantly enhanced the credibility and depth of Fadeaway World's content, earning him recognition across the sports journalism community. His work has been discussed in prestigious publications like Sports Illustrated. A dedicated follower of LeBron James, Nico often leads coverage on news related to the basketball star. With nearly a decade of experience in sports journalism, Nico consistently provides comprehensive and timely basketball news, engaging a wide audience of basketball enthusiasts.Nico's most desired player to interview, past or present, is Kevin Durant. He is particularly keen on asking Durant if he has any regrets about his career, especially concerning his departure from the Oklahoma City Thunder, and why he engages so much with fans on social media. 
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