OT: Players Advised to Take Less Money in More Paychecks by Union

[HailBlazers]

Smart, the NBPA seemed woefully unprepared during the last lockout.

National Basketball Association free agents, including All-Stars LeBron James and Carmelo Anthony, are being advised by their union to take paychecks over 18 months instead of the usual six or 12 as a way of preparing for a possible lockout.

Owners and players can opt out of the existing labor contract after the 2016-17 season.

An 18-month payment schedule would allow a player to continue receiving paychecks through the 2017-18 season, even if games aren’t played because of a work stoppage, according to an e-mail sent to players and agents by acting union Executive Director Ron Klempner, a copy of which was obtained by Bloomberg News.

“As we have learned in the past, the owners have made provisions with the TV networks to continue to receive rights fees throughout a work stoppage, and there is no reason the players should not make every effort to take the same precaution,” the e-mail said.

http://www.bloomberg.com/news/2014-...ess-money-in-more-paychecks-by-nba-union.html

 

[Natebishop3]

I heard they were recommending that people take their money up front because of a possible lockout in a few years.

 

[Strenuus]

damn... only 6 figures on this paycheck.

 

[Rhal]

With how shockingly inept Billy Hunter ran the last lockout you can be damn well sure the Players want a new CBA asap. I'm not so sure they are going to have an easy time with Owners seeing their profits skyrocket because of a owners friendly CBA they may play as hardball as they did last BA and we could be (sorry HCP) in for another lockout shortened year.

 

[Mediocre Man]

Had the owners done that it would have been called collusion

 

[SlyPokerDog]

It's sad that the players have to be told to spread their paychecks out. Sad but not unexpected.

 

[BBert]

I feel bad that a ball player making One Million Dollars A Month might go broke if he doesn't get paid for a few months. It's gotta be rough. If only there were some way to 'save' money for the future? IDK

 

[riverman]

So then to be fair, shouldn't Shelley Sterling be taking less money in smaller checks for selling the Clippers?

 

[riverman]

I feel bad that a ball player making One Million Dollars A Month might go broke if he doesn't get paid for a few months. It's gotta be rough. If only there were some way to 'save' money for the future? IDK

Entertainment paychecks are insane for sure, but not anything like relievers who pitch a couple of innings every few games in baseball. Baffles the mind how some of these guys can be broke at 40