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“Not playing, it’s just an economic disaster, it really is,” Marks said. Here’s the Cliff’s Notes version, as gleaned from Marks’ expert accounting: The NBA placed 10 percent of its players’ total salaries — $380 million — into an escrow account, which they use at the end of the year to balance the revenue shares (players are entitled to 51%). That’s gone for the players. They’re not getting that back because the league has already lost too much money
“Lebron is making $34.7 million and he’ll lose like $13 million (if the NBA doesn’t resume), so like 35 percent of his pay,” Marks said. “Whereas if he’s going back to Orlando, he’s probably looking at a loss of between $5.5 to $6 million.” Dropping $13 million won’t disrupt LeBron, but, as Marks noted, 72 percent of the players are paid below the average salary of $9.4 million. It’s a top-heavy system, not unlike American society. “There are a lot more Ed Davis’ of the NBA world (who is making $4.7 million with the Utah Jazz) than Kyrie Irving’s of the world (who is making $31.7 million),” Marks said. “There’s a group of guys making over $20 million but the majority of them are making less than 5.”
– via Stefan Bondy @ New York Daily News
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