NBA cuts 20% base salary of top executives: Report

NBA has reportedly applied a 20% cut on the base salaries of its top executive.

The reductions, revealed by a source to news agency Associated Press, would affect about 100 highest-earning executives.

Earlier the NHL, NASCAR and other leading sports agencies worldwide had resorted to similar measures to overcome the economic effects of the Coronavirus pandemic.

The cuts are effective immediately and affect NBA employees both inside the league headquarters in New York, and in global offices, the person told The Associated Press. The person was granted anonymity because the reductions were not announced publicly, says the report.

Health benefits remain unaffected and there are no changes for the rest of the organization, including support and administrative staff.

The NBA had suspended its season on March 11 when Rudy Gobert of the Utah Jazz became the first player to test positive. The league is still discussing scenarios for resuming play once allowed.

The pandemic has caused a huge impact on sports leagues worldwide.

There seems no early sight of normalcy as the USA has been the worst affected with the highest number of more than 85,000 COVID-19 positive cases.

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