NBA, NBPA Agreement Doesn't Preclude Future Labor Issues

Posted by: MBR on Sat Apr 18th, 2020 7:58 am
NBA, NBPA Agreement Doesn't Preclude Future Labor Issues if Coronavirus Drags OnThe NBA and the National Basketball Players’ Association have reached an agreement that will ensure labor peace for the time being. However, the agreement doesn’t foreclose the possibility of the league invoking the force majeure clause in Article XXXIX of the collective bargaining agreement.As reported by ESPN’s Adrian Wojnarowski, the two sides have negotiated a near-term pay arrangement that addresses the league’s continuing shutdown on account of the coronavirus disease pandemic. The arrangement instructs that players, who are generally paid twice per month, will be paid in full on May 1. However, beginning on May 15, 25% of each player’s salary will held in escrow. The agreement also contemplates additional—and gradual—pay reductions should the league invoke the force majeure clause and cancel all or some of the remainder of the 2019-20 season.https://www.si.com/nba/2020/04/17/nba-n ... witter.com