Is there some sort of escrow mechanism which automatically adjusts if the cap is lower in future years?As a general comment I find it interesting that this much coin is being given to some average guys given the general financial uncertainty. Grant getting 20 mill per, Harris 19, Bertans and Morris 16, and a guy not on your list in Clarkson getting 13 mil from the Jazz. Not short deals either - though there will obviously be options in most of them.
Compare this to MLB where decent players with reasonable contracts are being non-tendered and many of the non-stars are likely to settle for one year deals.
I know the NBA season was only minimally affected by COVID in comparison to MLB but I still would have thought the prospect of a season with no fans would have been enough for owners to cry poor especially on the mid-tier guys. Seems that has not happened though.
As I understand it player salaries have to total to a % of the league’s revenue as per the CBA (it is around 50% from memory but would have to look it up to find the exact number) if the player salary total falls below that then teams have to pay out to players the difference. I also believe a portion of player salaries also go in to an escrow account in case the alternate is true and salaries are above the %. If they aren’t the players get that money back.Is there some sort of escrow mechanism which automatically adjusts if the cap is lower in future years?
I thought that was how the revenue sharing model worked. They are still very big numbers for these guys though