The coronavirus-enforced lockdown is expected to deal a major financial blow to the NBA, which raised its credit line to above $1 billion last week.
The NBA suspended the season for at least 30 days on March 11 after Utah Jazz center Rudy Gobert became the first player to test positive for COVID-19.However, recommendations released last Sunday by the U.S. Centers for Disease Control and Prevention suggested events and gatherings of more than 50 people should be postponed or canceled for eight weeks at least, which means the NBA may not resume until mid-May at the earliest and it may well have to do so behind closed doors.
In a memo sent to the 30 franchises on Friday, the league indicated it plans to pay salaries due on April 1 in full, but acknowledged it was considering the possibility of recouping future salaries for canceled games on April 15. Teams and players will be informed of the NBA's decision before the April 15 payment deadline, the memo added.clause of the NBA's collective bargaining agreement allows the league to withhold 1/92.
Silver stopped short of giving a clear date by when the league may resume and it remains unclear whether the current NBA season will ever be completed. Should the regular season be completed, the players could receive their salaries at a later date if the NBA opts to exercise theTo cope with the financial hit of the prolonged shutdown of the season, earlier this week ESPN reported the NBA was planning to raise its credit line to $1.2 billion to aid the league's handling of expenses.
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