Rich Paul strikes again.
You have a couple of options when you sign an NBA contract and in this case the Klutch way might come in handy via Larry Brown Sports.
Marc Stein of The New York Times reported on Tuesday that players are receiving paychecks on April 1 but have not been assured further payments. Stein also notes that roughly 90 percent of NBA players will have received less than half of their 2019-20 salaries by the time that the April 1 checks go out because they are on 12-month payment plans.
However, James and several other Klutch Sports clients had negotiated “all-you-can-get” deals that pay out 90-plus percent of their 2019-20 salaries by April 1 as part of an accelerated six-month payment schedule. Also included in this group of roughly 20 select players are Kevin Durant, Kyrie Irving, and Blake Griffin, among others.
It is quite possible while LeBron and others get paid, most NBA players won’t if regular season doesn’t resume soon.
The NBA and National Basketball Players Association are discussing scenarios for withholding up to 25 percent of players’ remaining salaries in a league escrow should regular-season games eventually be cancelled, sources tell ESPN.
The NBA has committed to paying full salaries on April 1, but the league and union are discussing ways for an orderly redistribution of money based on the number of regular-season games that could be lost in the 2019-2020 season.
Flip the page to see how this all breaks down.
