Two weeks and one day ago, the NBA became the first sports organization in the United States to postpone its regular season due to growing health concerns.
Although the league has expressed optimism it will be able to re-start the season, the league took a step to ensure its stability moving forward. According to a report from ESPN’s Adrian Wojnarowski, the top NBA executives are taking pay cuts.
Woj reported “approximately 100 of the league’s top-earning executives around the world” will cut their salaries by 20-percent. That 20-percent includes NBA commissioner Adam Silver and deputy commissioner Mark Tatum.
NBA spokesman Mike Bass did not confirm the news, though, he released a statement about the league’s decision, though.
“These are unprecedented times and, like other companies across all industries, we need to take short-term steps to deal with the harsh economic impact on our business and organization,” he said in the statement.
The NBA is reducing base salaries by 20 percent of approximately 100 of the league office’s top-earning executives around the world, sources tell ESPN.
— Adrian Wojnarowski (@wojespn) March 26, 2020
Silver and company have been busy trying to keep the 2019-20 season afloat.
The Milwaukee Bucks, Los Angeles Lakers and Los Angeles Clippers were the three favorites to win the title when the season was postponed. Giannis Antetokounmpo and LeBron James were favorites to win the MVP.
Will the NBA finish its season?