Sources: Escrow System an Issue for NBPA
The players union executive committee met for two hours Sunday night to examine the proposal before deciding whether to present it to all 400-some players for ratification Monday. The committee will first meet with player reps Monday morning at 9 a.m., but one of the new wrinkles that the committee is finding difficult to accept, sources said, is an unlimited escrow system.
The escrow system would assure that owners would be reimbursed for however much they exceed the negotiated amount of basketball-related income allowed to be spent on player salaries.
In the current seven-page proposal, a copy of which was obtained by ESPN The Magazine, the players have a choice of selecting a 50-50 split of BRI or a 49-51 band.
If teams spend more than the allotted percentage, they not only retain the 10 percent of each salary held in escrow, but if that 10 percent doesn’t cover the excess then the additional funds can be deducted from a one percent of BRI dedicated to “post-career player annuity and player benefits.”
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