NBA executives to take 20-per-cent reduction in salaries
Top executives in North American basketball’s NBA are reported to have agreed to reduce their base salaries by 20 per cent as the league has been put on hold indefinitely due to the global coronavirus pandemic.
The wage cuts will be taken by the league office’s 100 highest-earning executives as the NBA joins ice hockey’s NHL and US stock car racing series Nascar in enforcing reductions for some of its staff.
It has emerged that the cuts will largely impact NBA employees in its head office in New York, such as commissioner Adam Silver (pictured) and deputy commissioner Mark Tatum, but also include employees in its global offices.
The reductions will come into effect immediately, but there are no changes for the rest of the organisation, including administrative and support staff.
This is not an unprecedented move as the late former commissioner David Stern took no pay during lockout periods in the 1998-1999 and 2011-12 seasons.
The NBA became the first major North American sports league to suspend its season on 11 March when a Utah Jazz player tested positive for coronavirus.
Meanwhile, the women’s WNBA has announced it will stage a virtual draft next month without players, media or fans in attendance.
The draft will take place on 17 April, with commissioner Cathy Engelbert presenting the picks on a live broadcast on ESPN and top prospects taking part remotely.
This follows on from the NFL cancelling its planned live draft in Las Vegas and choosing to conduct a virtual televised version instead.
The first pick in this year’s WNBA draft is held by the New York Liberty.
Although the draft is set to go ahead as scheduled next month, the league said it is unlikely the 2020 season will begin in May.
With the postponement of the Olympic Games, the WNBA now has the flexibility to push the campaign back by a few months.