Players To Receive $161 Million In Escrow Funds
A total of $161 million in escrow funds were withheld by the NBA last season, and the league office sent a stack of more than 350 checks to the Players Association last week to begin issuing the refunds, SheridanHoops has learned.
In previous seasons, 10 percent of players’ salaries were withheld under the escrow system, and in most years only a portion was returned. But last season, the amount of salaries paid out by the 30 NBA teams came in well below 57 percent, meaning the players will get all of their withheld funds back.
In addition, the league office sent an additional $26 million in funds to the union to satisfy its obligation to pay out 57 percent of BRI.
A total of $187 million is being transfered from the owners to the players as they continue to negotiate a new CBA.