The NBA is reportedly reducing the base salaries of the league office’s top-earning executives by 20 per cent, including commissioner Adam Silver’s, according ESPN’s Adrian Wojnarowski.
The move comes in response to the economic strain placed upon the league by the ongoing COVID-19 pandemic, which has halted all professional sports in North America.
“These are unprecedented times,” NBA spokesman Mike Bass told Wojnarowski. “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.”
It is unclear when the reported measures will take effect, but they will affect roughly 100 executives around the world — with Silver and deputy commissioner Mark Tatum as part of the list.
Support and administrative staff aren’t expected to be affected by the cuts, Wojnarowski added.
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