Earlier this year
NBL players vote on tiered salary cuts
The COVID-19 pandemic created an unstable and untenable financial environment for the league and its teams, leading to both parties coming together with the Australian Basketball Players' Association to negotiate cost-cutting measures.
Each teams' delegates voted on Thursday, sources said, with 15 of the 18 representatives voting in the affirmative, meaning the new measures are expected to go ahead. Contracted players were informed of the agreement after the vote.
The terms of the negotiation will see players hit by salary cuts for the 2020-21 season, sources said, with all parties agreeing to a tiered system of reductions. The minimum salary of $60,000 will remain, and those earning between $60,000 and $79,000 won't be affected by the cuts.Full story
Those earning over $200,000 hit with a 50 percent pay cut, sources said. The rest are as follows:
- $80,000-$99,000: 27.5 percent cut.
- $100,000-119,000: 32.5 percent cut.
- $120,000-139,000: 35 percent cut.
- $140,000-159,000: 37.5 percent cut.
- $160,000-179,000: 42.5 percent cut.
- $180,000-$199,000: 45 percent cut.