Friday, July 22nd, 2011 at 9:05 am  |  14 responses

Some NBA Players Will Still Get Paid During the Lockout

Should the NBA lockout wipe out most or all of next season (please, God, let this not be the case), some players will still be receiving regular paychecks. They can thank their forward-thinking agents for that. USA Today reports: “Al-Farouq Aminu, a rookie last season, is one of four clients of agent Raymond Brothers who spread their 2010-11 NBA salaries over 18 or 24 months to continue receiving paychecks if the league-imposed lockout forces the cancellation of games. Memphis Grizzlies forward Zach Randolph, Dallas Mavericks forward Caron Butler and Detroit Pistons guard Ben Gordon, all Brothers clients, have similar setups. If games in 2011-12 are lost, ‘They will not know financially that they’re in a lockout,’ Brothers said. ‘If there is a lockout, you’ll able to pay your bills. And you’re already used to a certain way of living because your paychecks will be consistent.’ Players normally receive bi-weekly paychecks from Nov. 15 to May 1, although some opt for a November to November schedule. But Aminu will receive payments from last season until Nov. 1, 2012. Randolph will be paid through May 1, 2012. It is an unusual arrangement that could turn out to be a savvy financial decision for players. Owners and players are far apart on agreeing to a new collective bargaining agreement and no formal session with high-level negotiators is scheduled.”

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  • Seven Duece

    Now those agents earned their dough!

  • seriousblack

    Why didn’t more young players choose this option?

  • Sam

    How is this a ‘savvy financial decision’? They’re getting the same amount, it’s just being doled out to them over time because they’re too immature to manage their money like adults. How about investing your money and making it work for you. That’d be a ‘savvy financial decision’.

  • RoG23

    @Sam, how about realizing that some of these dudes are AWARE of their inexperience to handling MILLIONS of dollars so they actually have the self control to stretch their $ throughout a longer time period.

  • http://www.slamonline.com/ 1982

    Smart contracts there. Caron Butler? Just doesn’t feel right, getting a championship and lockout paychecks while injured. Not that I wouldn’t take it, it’s great for him. Just…wow, that’s a great career without getting on the court.

  • http://redoftoothandclaw.ca/ niQ

    lol cosign rog23. It’s actually a smart move on the players part to realize their inexperience dealing with millions. Think about players like Boozer who tried investing and even got scammed a million dollars. And on the plus side, they’re getting paid during the lockout!
    @Sam not everyone is a ‘savvy financial’ expert like yourself =P

  • http://www.bulls.com Enigmatic

    How is this NOT a “savvy financial decision?” These guys will get paid during the lockout, everyone else won’t!

  • bike

    It’s an unusual arrangement to spread one’s earnings over a long period of time in the event of an income loss????

  • LA Huey

    co-sign 1982. If they don’t play anymore games this calendar year, he’s got to have one of the all-time great years in sports history. Pick-up a ring and still got paid during a lockout while being injured all year.

  • http://theurbangriot.com The NUPE

    I would not call this a financially savvy move, but is very smart for players who don’t know how to manage their money. Savvy would be taking the money, living below your means and investing so that you have more money over the long hall. Taking the same amount of money over a longer period of time is an effective way of saving the players from themselves – but shouldn’t be considered ‘savvy’.

  • seriousblack

    How are any of us so certain these players aren’t investing their money? All we’re talking about is how they’re being paid, not what they do with it afterward. To choose to be paid in such a way that one has a steady paycheck during the lockout is indeed a savvy decision. Investing wisely is another financially savvy decision but it doesn’t have anything to do with what we’re talking about.

  • EtheKnickFan

    If lockout jacks the season, ask the cats who didn’t get paid because of it, if this was a savvy decision.

  • http://www.yomamajokes.com LilKDub503

    Not savvy, but definitely a good move on the part of the agents and players to take the stretched out dollars. Savvy for real is like Kevin Love: he doesn’t even touch 75% of his money according to that other publication. Then he lines himself up and makes money off his money.

  • zach

    Many of you seem to be under the impresssion that your idea of finacially savvy is the only idea. Secondly, most of you are missing the point. How does Kevin Love’s situation make these guy’s decisions unsavvy? You do realize that he isn’t getting a paycheck, right? The article is discussing players who are still getting paid because they choose to get paid less money during the season.