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NBA top execs taking 20 percent pay cut

(AP Photo/Rick Bowmer)

NEW YORK (AP) Top NBA executives are having their base salaries reduced by 20% for the foreseeable future, a person with knowledge of the details said Thursday.

The reductions affect the roughly 100 highest-earning executives, as the NBA joins the NHL and NASCAR in cutting salaries while competitions are on hold because of the coronavirus.

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.

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