The National Basketball Players Association on Friday sent a memo to its players detailing a doomsday provision in the collective bargaining agreement that could free the owners from paying players a percentage of their salaries should the season be canceled, according to a source.
The NBA postponed its season on Wednesday due to the coronavirus outbreak and the next evening, commissioner Adam Silver suggested that the hiatus “will be likely at least 30 days.”
- Sixers reach out to season ticket holders, but don’t detail options if a game is canceled or played in an empty arena
- Wells Fargo Center will pay hourly arena workers for at least two weeks for games missed because of coronavirus outbreak
- NBA commissioner Adam Silver isn’t ready to give up on regular season
The CBA contains a clause called the “force majeure event” clause.
A force majeure event is defined in the CBA as an event that makes it impossible for the NBA to perform its obligations under the agreement. There are several examples, including a pandemic.
According to Article XXXIX, Section 5 of the CBA, players could lose 1/92.6th of their salary for every game missed as a result of a force majeure event.
Bloomberg News estimates that each player on the roster could forfeit about 1% of his pay per game canceled.
The next scheduled paycheck for players comes on Sunday and those will be fulfilled.