NBA players to take 25% pay cut as of May 15 - TSN | Canada News Media
Connect with us

Sports

NBA players to take 25% pay cut as of May 15 – TSN

Published

 on


NBA players will see 25% of their paychecks taken out starting May 15, the first direct hit to their salaries because of the coronavirus pandemic.

The decision was finalized Friday in a board of governors meeting and was done in concert with the National Basketball Players Association.

Players will be paid in full on May 1. The cutback in salary has been expected for some time in response to the NBA’s shutdown that started March 11, and has no end in sight. The regular season would have ended Wednesday, and 259 games have yet to be played — but none have been officially called off yet.

“Through this agreement, and in order to provide players with a more gradual salary reduction schedule, partial reductions of 25% will begin with the players’ twice-a-month payment due on May 15,” the NBA said in a news release.

The NBA playoffs would have started Saturday. If none of the 259 outstanding regular season games are played, the league’s players would lose about $800 million in gross salary.

Taking 25% out of checks on May 15 — and, presumably, checks on June 1 and June 15 should play not resume by then — would amount to players across the league missing $40 million in each pay period.

The reduction in pay is in anticipation of what the Collective Bargaining Agreement between the league and its players describes as a “Force Majeure Event” — the legal term for unforeseeable circumstances, such as an epidemic or pandemic. Per the CBA, players could lose 1.08% of their annual salary for each game that is cancelled.

By taking some money out now, the hit the players take later if games are cancelled would be lessened.

NBA Commissioner Adam Silver is scheduled to address reporters later Friday.

___

More AP NBA coverage: https://apnews.com/NBA and https://twitter.com/AP_Sports

Let’s block ads! (Why?)



Source link

Continue Reading

Sports

Cavaliers and free agent forward Isaac Okoro agree to 3-year, $38 million deal, AP source says

Published

 on

 

CLEVELAND (AP) — Restricted free agent forward Isaac Okoro has agreed to re-sign with the Cleveland Cavaliers on a three-year contract, a person familiar with the negotiations told The Associated Press on Saturday.

Okoro’s new deal is worth $38 million, according to the person who spoke to the AP on condition of anonymity because the contract has not been signed or announced by the team.

ESPN.com first reported the agreement, citing Okoro’s representation.

The fifth overall pick in the 2020 NBA draft, Okoro is Cleveland’s best perimeter defender, often drawing the assignment of guarding the opponent’s top scorer. Okoro also has worked to improve his offensive game.

The 23-year-old averaged 9.4 points and 3.0 rebounds in 69 games — 42 starts — last season for the Cavs, who beat Orlando in the opening round of the playoffs before losing to eventual champion Boston.

Okoro shot a career-best 39% on 3-pointers, forcing teams to come out and guard him.

His agreement caps an extraordinarily busy summer for the Cavs that began with coach J.B. Bickerstaff being fired and replaced by Kenny Atkinson. All-Star guard Donovan Mitchell signed a three-year, $150 million extension in July, ending months of speculation that he wanted out of Cleveland.

Also, power forward Evan Mobley signed a five-year, $224 deal and center Jarrett Allen signed a three-year, $91 million extension.

___

AP NBA:

The Canadian Press. All rights reserved.

Source link

Continue Reading

Sports

Canada’s Marina Stakusic falls in Guadalajara Open quarterfinals

Published

 on

 

GUADALAJARA, Mexico – Canada’s Marina Stakusic fell 6-4, 6-3 to Poland’s Magdalena Frech in the quarterfinals of the Guadalajara Open tennis tournament on Friday.

The 19-year-old from Mississauga, Ont., won 61 per cent of her first-serve points and broke on just one of her six opportunities.

Stakusic had upset top-seeded Jelena Ostapenko of Latvia 6-3, 5-7, 7-6 (0) on Thursday night to advance.

In the opening round, Stakusic defeated Slovakia’s Anna Karolína Schmiedlová 6-2, 6-4 on Tuesday.

The fifth-seeded Frech won 62 per cent of her first-serve points and converted on three of her nine break point opportunities.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Sports

Kirk’s walk-off single in 11th inning lifts Blue Jays past Cardinals 4-3

Published

 on

 

TORONTO – Alejandro Kirk’s long single with the bases loaded provided the Toronto Blue Jays with a walk-off 4-3 win in the 11th inning of their series opener against the St. Louis Cardinals on Friday.

With the Cardinals outfield in, Kirk drove a shot off the base of the left-field wall to give the Blue Jays (70-78) their fourth win in 11 outings and halt the Cardinals’ (74-73) two-game win streak before 30,380 at Rogers Centre.

Kirk enjoyed a two-hit, two-RBI outing.

Erik Swanson (2-2) pitched a perfect 11th inning for the win, while Cardinals reliever Ryan Fernandez (1-5) took the loss.

Blue Jays starter Kevin Gausman enjoyed a seven-inning, 104-pitch outing. He surrendered his two runs on nine hits and two walks and fanned only two Cardinals.

He gave way to reliever Genesis Cabrera, who gave up a one-out homer to Thomas Saggese, his first in 2024, that tied the game in the eighth.

The Cardinals started swiftly with four straight singles to open the game. But they exited the first inning with only two runs on an RBI single to centre from Nolan Arendao and a fielder’s choice from Saggese.

Gausman required 28 pitches to escape the first inning but settled down to allow his teammates to snatch the lead in the fourth.

He also deftly pitched out of threats from the visitors in the fifth, sixth and seventh thanks to some solid defence, including Will Wagner’s diving stop, which led to a double play to end the fifth inning.

George Springer led off with a walk and stole second base. He advanced to third on Nathan Lukes’s single and scored when Vladimir Guerrero Jr. knocked in his 95th run with a double off the left-field wall.

Lukes scored on a sacrifice fly to left field from Spencer Horwitz. Guerrero touched home on Kirk’s two-out single to right.

In the ninth, Guerrero made a critical diving catch on an Arenado grounder to throw out the Cardinals’ infielder, with reliever Tommy Nance covering first. The defensive gem ended the inning with a runner on second base.

St. Louis starter Erick Fedde faced the minimum night batters in the first three innings thanks to a pair of double plays. He lasted five innings, giving up three runs on six hits and a walk with three strikeouts.

ON DECK

Toronto ace Jose Berrios (15-9) will start the second of the three-game series on Saturday. He has a six-game win streak.

The Cardinals will counter with righty Kyle Gibson (8-6).

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version