The NBA is temporarily implementing a 20 percent base salary reduction for approximately 100 of its highest-earning executives around the world, sources tell ESPN’s Adrian Wojnarowski.
The move may sound similar to one the Sixers considered earlier this week before they reversed course when met with a PR backlash. However, the key difference here is that the NBA’s cutbacks will only impact top league executives and senior leaders, as Wojnarowski explains. Support and administrative staffers will not see their salaries reduced.
Commissioner Adam Silver and deputy commissioner Mark Tatum are among those affected by the measures, which are expected to continue for as long as the coronavirus crisis lasts, sources tell ESPN. Most of the execs who will have their salaries reduced work in the league’s New York office, Woj adds.
NBA spokesperson Mike Bass didn’t explicitly confirm ESPN’s report, but offered the following statement: “These are unprecedented times and, like other companies across all industries, we need to take short-term steps to deal with the harsh economic impact on our business and organization.”
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