Author Topic: NBA uncertain about paying players after April 1, NBPA expects full season pay  (Read 6784 times)

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Offline Roy H.

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.
no one is blaming the players

There’s no money coming in, therefore no money to be payed. It’s all laid out in the contracts the players probably don’t even read

The NBA should guarantee all salaries and contracts until the end of this crisis. That would be the right thing to do instead of fining the players for not playing. The banks can compensate the owners for their eventual losses.

Can't believe that in these dark times the NBA is more concerned about their money than the wellbeing of the people and players under their care. Disgusting.

What's next? Putting staff on the street, because their worthless right now?
They wouldn't be fining players.  They would be implementing a provision in the CBA that the players agreed to.  The players aren't children and they've already been paid for most of the season.  Don't know why you would think banks would compensate the owners.

In the Netherlands our prime minister has announced that all firms that suffer financial losses during this Corona crisis will be compensated accordingly by the Dutch banks, such that we won't have bankruptcies or people getting fired unnecessarily.

Our government has stated that now is not the time to talk about money or politics. Only thing that matters is our public health and the necessary measures to contain this virus.

Why would banks compensate private businesses?  Are the banks federally owned?


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Offline RodyTur10

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.
no one is blaming the players

There’s no money coming in, therefore no money to be payed. It’s all laid out in the contracts the players probably don’t even read

The NBA should guarantee all salaries and contracts until the end of this crisis. That would be the right thing to do instead of fining the players for not playing. The banks can compensate the owners for their eventual losses.

Can't believe that in these dark times the NBA is more concerned about their money than the wellbeing of the people and players under their care. Disgusting.

What's next? Putting staff on the street, because their worthless right now?
They wouldn't be fining players.  They would be implementing a provision in the CBA that the players agreed to.  The players aren't children and they've already been paid for most of the season.  Don't know why you would think banks would compensate the owners.

In the Netherlands our prime minister has announced that all firms that suffer financial losses during this Corona crisis will be compensated accordingly by the Dutch banks, such that we won't have bankruptcies or people getting fired unnecessarily.

Our government has stated that now is not the time to talk about money or politics. Only thing that matters is our public health and the necessary measures to contain this virus.
If you think the banks will just shell out dozens of billions of dollars like that you're living in fantasy land. Why would they do that?

To help out during this crisis.

Some important Dutch banks were rescued during the financial crisis of 2008-2009 by the Dutch taxpayers, so they actually have some making up to do.

One example is that ABN AMRO bank has declared that customers can stop paying for their mortgages until this Corona-crisis is over.

This bank was nationalised at the financial crisis (since otherwise it would have fallen) but now it is a private bank again although the Dutch state is a minority shareholder.
« Last Edit: March 21, 2020, 06:03:28 PM by RodyTur10 »

Online BitterJim

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.
no one is blaming the players


There’s no money coming in, therefore no money to be payed. It’s all laid out in the contracts the players probably don’t even read

Things like this don't happen ever year .  But i bet both side will be ultra specific in the future if they aren't already . 

I would agree  ,  as a owner you would not want to pay millions for for the whole team to not to play .  Sports stars ....all,i,can say is welcome to OUR WORLD
It is specifically covered in the CBS.

Quote
Force majeure allows for the withholding of 1/92.6 of a player's seasonal salary per canceled game based upon catastrophic circumstances. The provision encompasses several scenarios, including war, natural disasters and epidemics/pandemics. (For the purposes of force majeure, the league considers each team to have played five preseason games, 82 regular-season games and 5.6 playoff games.)

And that makes sense.  The CBA gives the players a certain % of BRI (Basketball Related Income), and if they aren't paid the right amount they adjust the next year's salary cap to make up for it.  The players will be getting the same amount of money no matter what - it's just a matter of whether they lose the money this year or over the next few
I'm bitter.

Offline Ogaju

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.
no one is blaming the players


There’s no money coming in, therefore no money to be payed. It’s all laid out in the contracts the players probably don’t even read

Things like this don't happen ever year .  But i bet both side will be ultra specific in the future if they aren't already . 

I would agree  ,  as a owner you would not want to pay millions for for the whole team to not to play .  Sports stars ....all,i,can say is welcome to OUR WORLD
It is specifically covered in the CBS.

Quote
Force majeure allows for the withholding of 1/92.6 of a player's seasonal salary per canceled game based upon catastrophic circumstances. The provision encompasses several scenarios, including war, natural disasters and epidemics/pandemics. (For the purposes of force majeure, the league considers each team to have played five preseason games, 82 regular-season games and 5.6 playoff games.)

And that makes sense.  The CBA gives the players a certain % of BRI (Basketball Related Income), and if they aren't paid the right amount they adjust the next year's salary cap to make up for it.  The players will be getting the same amount of money no matter what - it's just a matter of whether they lose the money this year or over the next few

Are you sure that will always be the case? What about players that leave the league how is their compensation adjusted? I believe a loss is a loss. If they lose the income from this year it is a real loss. Players wanted a partnership ..well this is one of the realities of a partnership. Share in profits, share in losses.

Offline CelticsElite

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A lot of mansions are gonna end up on Zillow by the end of the week. A lot of These guys spend way beyond their means

Offline Tr1boy

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players should not get paid further imo

Where is the money suppose to come from?

The NBA probably has to refund its TV customers and partners like NBC, TNT etc (or they don't have to pay them)



Offline LilRip

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I also think the players should stop getting paid, especially since it seems like arena workers and the rest aren’t getting paid either.

Now if the owners put up some money to donate to the players, that’s entirely up to them.
- LilRip

Online BitterJim

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.
no one is blaming the players


There’s no money coming in, therefore no money to be payed. It’s all laid out in the contracts the players probably don’t even read

Things like this don't happen ever year .  But i bet both side will be ultra specific in the future if they aren't already . 

I would agree  ,  as a owner you would not want to pay millions for for the whole team to not to play .  Sports stars ....all,i,can say is welcome to OUR WORLD
It is specifically covered in the CBS.

Quote
Force majeure allows for the withholding of 1/92.6 of a player's seasonal salary per canceled game based upon catastrophic circumstances. The provision encompasses several scenarios, including war, natural disasters and epidemics/pandemics. (For the purposes of force majeure, the league considers each team to have played five preseason games, 82 regular-season games and 5.6 playoff games.)

And that makes sense.  The CBA gives the players a certain % of BRI (Basketball Related Income), and if they aren't paid the right amount they adjust the next year's salary cap to make up for it.  The players will be getting the same amount of money no matter what - it's just a matter of whether they lose the money this year or over the next few

Are you sure that will always be the case? What about players that leave the league how is their compensation adjusted? I believe a loss is a loss. If they lose the income from this year it is a real loss. Players wanted a partnership ..well this is one of the realities of a partnership. Share in profits, share in losses.

Individual players could make more or less by losing the money now vs having the salary cap decrease (if it's lower when you're a FA then you're better off losing the money now, but if you ha e a long term contract the salary cap decrease may not affect you)

It's bard ti say how it will effect each player individually, but as a group they'll lose the same amount of money no matter what. Having it spread out over a few years help a lot for older players (who are making more now than they will in their next contract, and may be near retirement), but not for young guys on rookie contracts (especially those that will be looking for the max)
I'm bitter.

Offline tazzmaniac

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I've seen multiple reports that this could last until early next year which could impact next season too.  So I'm wondering how that would affect teams approach in free agency.  Unless AD puts himself on the market, there won't be any top level free agents.  I don't think I'd do more than 1 year deals unless a desirable player was willing to take a significant discount on a multiyear deal. 

Offline Jvalin

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.
no one is blaming the players

There’s no money coming in, therefore no money to be payed. It’s all laid out in the contracts the players probably don’t even read

The NBA should guarantee all salaries and contracts until the end of this crisis. That would be the right thing to do instead of fining the players for not playing. The banks can compensate the owners for their eventual losses.

Can't believe that in these dark times the NBA is more concerned about their money than the wellbeing of the people and players under their care. Disgusting.

What's next? Putting staff on the street, because their worthless right now?
They wouldn't be fining players.  They would be implementing a provision in the CBA that the players agreed to.  The players aren't children and they've already been paid for most of the season.  Don't know why you would think banks would compensate the owners.

In the Netherlands our prime minister has announced that all firms that suffer financial losses during this Corona crisis will be compensated accordingly by the Dutch banks, such that we won't have bankruptcies or people getting fired unnecessarily.

Our government has stated that now is not the time to talk about money or politics. Only thing that matters is our public health and the necessary measures to contain this virus.
The Greek prime minister announced similar measures as well. Thing is, most small businesses in Greece (my home country) were already facing bankruptcy. You can't give a bankrupt entity more loans. All you achieve this way is making them even more bankrupt! Remember the Greek bailouts from 2010 to 2015? This is the same story all over again, only this time for the private sector.

Obviously, the Netherlands aren't Greece. Having said that, I don't think that bank loans are the way to go. The EU (and the whole world) is about to face a huge economic crisis once again. Here's an alarming statistic I've read regarding Greece, which is indicative of the situation in the world economy as well. Assuming the Greek GDP drops 50% this month, 25% in April, 25% in May and makes a full recovery in June, Greece's GDP for 2020 is gonna suffer a fall of 10%! Again, an annual fall of 10% based on just 3 months! Greece lost about 27% of its GDP over a period of 9 years because of the imposed osterity by the EU (the biggest loss ever recorded during peace time) and we are about to lose 10% in just 3 months! This is mind-boggling! If you guys think that your country (the Netherlands, the US, you name it) is gonna escape from this, well think again. It's 2008 all over again, if not even worse.

Imo, what we should do (the US/the EU, not just Greece or the Netherlands) is what Hong Kong did a few days ago. The central bank of Hong Kong gave each citizen 10,000 HK dollars (=$1,289) via a deposit in their bank account. No questions asked. Just take them and spend them. You want another example? Look what happened in Singapore. The government of Singapore invested 5% of the country's GDP in public health, tourism and transportation. They didn't give loans to the private sector. The government paid all this money. At the same time, the central bank of Singapore ordered all banks under its jurisdiction not to collect loan installments from small businesses and households. The central bank is gonna be paying those installments on behalf of small businesses and households for 5 months. Btw, we're not talking about some leftist/socialist/communist/stalinist government. Singapore has a neoliberal government, yet they decided to take preemptive measures in order to tackle the upcoming recession. Fwiw, Australia had done a similar thing in 2009 in response to the 2008 crisis. If you ask me, this is part of the reason why Australia never faced a serious crisis at the time, unlike most countries of the western world.
« Last Edit: March 22, 2020, 08:38:07 PM by Jvalin »

Offline greece66

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If I were an NBA player I wouldnt make too much noise about this for obvious reasons.
I do expect however that the NBPA will exhaust every means they have to apply pressure, this is their job after all.

Offline Somebody

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.
no one is blaming the players

There’s no money coming in, therefore no money to be payed. It’s all laid out in the contracts the players probably don’t even read

The NBA should guarantee all salaries and contracts until the end of this crisis. That would be the right thing to do instead of fining the players for not playing. The banks can compensate the owners for their eventual losses.

Can't believe that in these dark times the NBA is more concerned about their money than the wellbeing of the people and players under their care. Disgusting.

What's next? Putting staff on the street, because their worthless right now?
They wouldn't be fining players.  They would be implementing a provision in the CBA that the players agreed to.  The players aren't children and they've already been paid for most of the season.  Don't know why you would think banks would compensate the owners.

In the Netherlands our prime minister has announced that all firms that suffer financial losses during this Corona crisis will be compensated accordingly by the Dutch banks, such that we won't have bankruptcies or people getting fired unnecessarily.

Our government has stated that now is not the time to talk about money or politics. Only thing that matters is our public health and the necessary measures to contain this virus.
The Greek prime minister announced similar measures as well. Thing is, most small businesses in Greece (my home country) were already facing bankruptcy. You can't give a bankrupt entity more loans. All you achieve this way is making them even more bankrupt! Remember the Greek bailouts from 2010 to 2015? This is the same story all over again, only this time for the private sector.

Obviously, the Netherlands aren't Greece. Having said that, I don't think that bank loans are the way to go. The EU (and the whole world) is about to face a huge economic crisis once again. Here's an alarming statistic I've read regarding Greece, which is indicative of the situation in the world economy as well. Assuming the Greek GDP drops 50% this month, 25% in April, 25% in May and makes a full recovery in June, Greece's GDP for 2020 is gonna suffer a fall of 10%! Again, an annual fall of 10% based on just 3 months! Greece lost about 27% of its GDP over a period of 9 years because of the imposed osterity by the EU (the biggest loss ever recorded during peace time) and we are about to lose 10% in just 3 months! This is mind-boggling! If you guys think that your country (the Netherlands, the US, you name it) is gonna escape from this, well think again. It's 2008 all over again, if not even worse.

Imo, what we should do (the US/the EU, not just Greece or the Netherlands) is what Hong Kong did a few days ago. The central bank of Hong Kong gave each citizen 10,000 HK dollars (=$1,289) via a deposit in their bank account. No questions asked. Just take them and spend them. You want another example? Look what happened in Singapore. The government of Singapore invested 5% of the country's GDP in public health, tourism and transportation. They didn't give loans to the private sector. The government paid all this money. At the same time, the central bank of Singapore ordered all banks under its jurisdiction not to collect loan installments from small businesses and households. The central bank is gonna be paying those installments on behalf of small businesses and households for 5 months. Btw, we're not talking about some leftist/socialist/communist/stalinist government. Singapore has a neoliberal government, yet they decided to take preemptive measures in order to tackle the upcoming recession. Fwiw, Australia had done a similar thing in 2009 in response to the 2008 crisis. If you ask me, this is part of the reason why Australia never faced a serious crisis at the time, unlike most countries of the western world.
Bolded is untrue from what I know, the government is giving citizens the money during the summer.
Jaylen Brown for All-NBA

Offline Jvalin

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.
no one is blaming the players

There’s no money coming in, therefore no money to be payed. It’s all laid out in the contracts the players probably don’t even read

The NBA should guarantee all salaries and contracts until the end of this crisis. That would be the right thing to do instead of fining the players for not playing. The banks can compensate the owners for their eventual losses.

Can't believe that in these dark times the NBA is more concerned about their money than the wellbeing of the people and players under their care. Disgusting.

What's next? Putting staff on the street, because their worthless right now?
They wouldn't be fining players.  They would be implementing a provision in the CBA that the players agreed to.  The players aren't children and they've already been paid for most of the season.  Don't know why you would think banks would compensate the owners.

In the Netherlands our prime minister has announced that all firms that suffer financial losses during this Corona crisis will be compensated accordingly by the Dutch banks, such that we won't have bankruptcies or people getting fired unnecessarily.

Our government has stated that now is not the time to talk about money or politics. Only thing that matters is our public health and the necessary measures to contain this virus.
The Greek prime minister announced similar measures as well. Thing is, most small businesses in Greece (my home country) were already facing bankruptcy. You can't give a bankrupt entity more loans. All you achieve this way is making them even more bankrupt! Remember the Greek bailouts from 2010 to 2015? This is the same story all over again, only this time for the private sector.

Obviously, the Netherlands aren't Greece. Having said that, I don't think that bank loans are the way to go. The EU (and the whole world) is about to face a huge economic crisis once again. Here's an alarming statistic I've read regarding Greece, which is indicative of the situation in the world economy as well. Assuming the Greek GDP drops 50% this month, 25% in April, 25% in May and makes a full recovery in June, Greece's GDP for 2020 is gonna suffer a fall of 10%! Again, an annual fall of 10% based on just 3 months! Greece lost about 27% of its GDP over a period of 9 years because of the imposed osterity by the EU (the biggest loss ever recorded during peace time) and we are about to lose 10% in just 3 months! This is mind-boggling! If you guys think that your country (the Netherlands, the US, you name it) is gonna escape from this, well think again. It's 2008 all over again, if not even worse.

Imo, what we should do (the US/the EU, not just Greece or the Netherlands) is what Hong Kong did a few days ago. The central bank of Hong Kong gave each citizen 10,000 HK dollars (=$1,289) via a deposit in their bank account. No questions asked. Just take them and spend them. You want another example? Look what happened in Singapore. The government of Singapore invested 5% of the country's GDP in public health, tourism and transportation. They didn't give loans to the private sector. The government paid all this money. At the same time, the central bank of Singapore ordered all banks under its jurisdiction not to collect loan installments from small businesses and households. The central bank is gonna be paying those installments on behalf of small businesses and households for 5 months. Btw, we're not talking about some leftist/socialist/communist/stalinist government. Singapore has a neoliberal government, yet they decided to take preemptive measures in order to tackle the upcoming recession. Fwiw, Australia had done a similar thing in 2009 in response to the 2008 crisis. If you ask me, this is part of the reason why Australia never faced a serious crisis at the time, unlike most countries of the western world.
Bolded is untrue from what I know, the government is giving citizens the money during the summer.
Hong Kong based source: https://www.hongkongfp.com/2020/02/26/hong-kong-budget-2020-hk10000-cash-handouts-permanent-residents-18/
Quote
Hong Kong’s financial secretary has announced a HK$10,000 cash handout for all permanent residents over the age of 18 in a bid to boost local consumption and ease economic woes in light of a fiscal deficit.

US based source: https://www.cnbc.com/2020/02/26/hong-kong-announces-budget-as-coronavirus-protests-drag-down-economy.html
Quote
The measures include a cash payout of 10,000 Hong Kong dollars to residents age 18 and above, and low-interest loans with government guarantee for small businesses.

There is a long list of other bold measures as well. No mention of postponing them till summer. I could be wrong though. Not that it would make a big difference anyway. The important thing is that the citizens of Hong Kong are not supposed to repay 10,000 HKD (plus interest) to the banks. The exact opposite of what's happening in the EU.

The EU fiscal policy sounds to me like a recipe for disaster. Why? We are already about to face an economic crisis. There are plenty of economists who claim that Coronavirus will cause a recession deeper and more severe than the great depression of 1929! By handing out loans, you force people to spend less money in the future in order to repay those loans. If citizens are forced to spend less money in the future, the recession will only get deeper and deeper. It's a never-ending vicious cycle. Only way to stop it is via public spending in hopes of boosting economic growth. This is exactly what FDR did in order to tackle the 1929 crisis. The sooner we do it, the better for the world economy. Hong Kong and Singapore are just 2 examples. There are numerous ways to boost economic growth via public spending. Helping small businesses via loans from the private sector isn't one of them.
« Last Edit: March 23, 2020, 09:08:19 AM by Jvalin »

Offline Lakers are the Best

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.

Bernie, is that you? I wouldn't think you would have time for this in the middle of a campaign! Then again, you did not use the word "Billionaire".

Offline Somebody

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NBA not sure if they can pay players after April 1: https://www.espn.com/nba/story/_/id/28933602/nba-pay-players-full-salaries-april-1-uncertain-after

Who’s ready to see Players become overdramatic

Nbpa Greedily expects full season of payments paid https://www.cbssports.com/nba/news/coronavirus-nbpa-expects-players-to-be-paid-in-full-during-hiatus-despite-cba-provision-per-report/

This is ridiculous, it's not like the players are refusing to play without reason!

How can the NBA blame the players for this? This doesn't make any sense.

I'd hope that these rich selfish owners aren't getting their wish to withhold money from the players, who again are NOT at fault.
no one is blaming the players

There’s no money coming in, therefore no money to be payed. It’s all laid out in the contracts the players probably don’t even read

The NBA should guarantee all salaries and contracts until the end of this crisis. That would be the right thing to do instead of fining the players for not playing. The banks can compensate the owners for their eventual losses.

Can't believe that in these dark times the NBA is more concerned about their money than the wellbeing of the people and players under their care. Disgusting.

What's next? Putting staff on the street, because their worthless right now?
They wouldn't be fining players.  They would be implementing a provision in the CBA that the players agreed to.  The players aren't children and they've already been paid for most of the season.  Don't know why you would think banks would compensate the owners.

In the Netherlands our prime minister has announced that all firms that suffer financial losses during this Corona crisis will be compensated accordingly by the Dutch banks, such that we won't have bankruptcies or people getting fired unnecessarily.

Our government has stated that now is not the time to talk about money or politics. Only thing that matters is our public health and the necessary measures to contain this virus.
The Greek prime minister announced similar measures as well. Thing is, most small businesses in Greece (my home country) were already facing bankruptcy. You can't give a bankrupt entity more loans. All you achieve this way is making them even more bankrupt! Remember the Greek bailouts from 2010 to 2015? This is the same story all over again, only this time for the private sector.

Obviously, the Netherlands aren't Greece. Having said that, I don't think that bank loans are the way to go. The EU (and the whole world) is about to face a huge economic crisis once again. Here's an alarming statistic I've read regarding Greece, which is indicative of the situation in the world economy as well. Assuming the Greek GDP drops 50% this month, 25% in April, 25% in May and makes a full recovery in June, Greece's GDP for 2020 is gonna suffer a fall of 10%! Again, an annual fall of 10% based on just 3 months! Greece lost about 27% of its GDP over a period of 9 years because of the imposed osterity by the EU (the biggest loss ever recorded during peace time) and we are about to lose 10% in just 3 months! This is mind-boggling! If you guys think that your country (the Netherlands, the US, you name it) is gonna escape from this, well think again. It's 2008 all over again, if not even worse.

Imo, what we should do (the US/the EU, not just Greece or the Netherlands) is what Hong Kong did a few days ago. The central bank of Hong Kong gave each citizen 10,000 HK dollars (=$1,289) via a deposit in their bank account. No questions asked. Just take them and spend them. You want another example? Look what happened in Singapore. The government of Singapore invested 5% of the country's GDP in public health, tourism and transportation. They didn't give loans to the private sector. The government paid all this money. At the same time, the central bank of Singapore ordered all banks under its jurisdiction not to collect loan installments from small businesses and households. The central bank is gonna be paying those installments on behalf of small businesses and households for 5 months. Btw, we're not talking about some leftist/socialist/communist/stalinist government. Singapore has a neoliberal government, yet they decided to take preemptive measures in order to tackle the upcoming recession. Fwiw, Australia had done a similar thing in 2009 in response to the 2008 crisis. If you ask me, this is part of the reason why Australia never faced a serious crisis at the time, unlike most countries of the western world.
Bolded is untrue from what I know, the government is giving citizens the money during the summer.
Hong Kong based source: https://www.hongkongfp.com/2020/02/26/hong-kong-budget-2020-hk10000-cash-handouts-permanent-residents-18/
Quote
Hong Kong’s financial secretary has announced a HK$10,000 cash handout for all permanent residents over the age of 18 in a bid to boost local consumption and ease economic woes in light of a fiscal deficit.

US based source: https://www.cnbc.com/2020/02/26/hong-kong-announces-budget-as-coronavirus-protests-drag-down-economy.html
Quote
The measures include a cash payout of 10,000 Hong Kong dollars to residents age 18 and above, and low-interest loans with government guarantee for small businesses.

There is a long list of other bold measures as well. No mention of postponing them till summer. I could be wrong though. Not that it would make a big difference anyway. The important thing is that the citizens of Hong Kong are not supposed to repay 10,000 HKD (plus interest) to the banks. The exact opposite of what's happening in the EU.

At least I haven't received the cash yet :laugh:
Jaylen Brown for All-NBA