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nba player salary reduction (measures to deal with the impact of the epidemic)

Since the end of 2020, the COVID-19 epidemic has broken out around the world, which has had a huge impact on all walks of life. As one of the most influential basketball leagues in the world, the NBA has also been inevitably affected by the epidemic. In response to the economic pressure caused by the epidemic, NBA players have reduced their salaries to support the league's operations and other epidemic relief efforts.

Operation steps

1. Players voluntarily reduce their salaries

During the epidemic, NBA players have voluntarily reduced their salaries to support the operation of the league and other Epidemic relief work. Among them, well-known players such as LeBron James, Chris Paul, and Kevin Durant have announced voluntary salary cuts to contribute to the league. In addition, many players have actively participated in epidemic relief efforts through donations.

2. Player salary adjustment

In addition to voluntary salary cuts, the NBA has also taken some measures to adjust player salaries. Among them, the league and the players union reached an agreement to reduce players' salaries proportionally. Under the agreement, players' salaries will be reduced in proportion to their contracts to reduce the league's financial burden. In addition, the league has eliminated postseason bonuses for players to save money.

3. Player contract extension

In order to reduce the economic impact of the epidemic on players, the NBA has also taken some measures to extend the player's contract period. Among them, the league and the players union reached an agreement to extend the players' contract period by one year. In this way, players' salaries will be guaranteed and the league will be able to save money.