NBA Players to Take Pay Cut Amidst Coronavirus Crisis

NBA players have agreed to take a 25 percent pay cut, as games continue to be suspended for the foreseeable future due to the ongoing coronavirus pandemic. Players will draw their usual salary on May 1, with the cut taking effect on May 15. According to ESPN, the agreement comes after negotiations between the NBA and NBPA. The deal represents a gain for the players, with the NBA initially seeking a 50 percent pay cut. Players could potentially face greater salary cuts in the future as the COVID-...