The NBA Players Association has proposed a plan to use revenues from the upcoming new television deal to pay for retired players’ health-care, according to a report from Adrian Wojnarowski of Yahoo! Sports’.
The plan is estimated to cost between $10 million-$15 million a year and a vote on passage of the union’s initiative is set for the NBPA’s July 20 membership meeting in Las Vegas. The union’s 30 team player representatives are expected to pass the plan with ease and start the process of covering the retired players quickly, league sources said.
The NBPA has been researching the names and addresses of the approximate 1,500 living ex-players and hoping to offer three separate health-care options to them, sources said.
The NBPA will vote on the idea — led by union director Michele Roberts at a July 20 membership meeting in Las Vegas, according to Woj.
In October, the announced a new TV deal that will payout $24 billion-plus over nine years — with $2.7 billion to be distributed equally across all 30 teams.