Report: Los Angeles Lakers ask top executives to defer salaries

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ESPN’s Dave McMenamin says the Los Angeles Lakers will ask some of its executive staff to voluntarily defer 20% of their wages to prevent low-income workers from having to cut their wages during the coronavirus pandemic.

The NBA’s second most valuable franchise, estimated at $ 4.4 billion, the Lakers plan for the salary deferral is similar to when the league cut base salaries by 20% for about 100 of its executives. , according to Adrian Wojnarowski of ESPN.

Wojnarowski also reports that the NBA and the National Basketball Players Association plan to withhold up to 25 percent of players’ remaining wages from a league commitment if the regular season games are canceled.

In March, the Lakers, Clippers, Kings and the Staples Center created a fund of more than $ 5 million to financially support some 2,800 employees who depend on income from working games and concerts.



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