AP Source: NBA pay-cut proposal targets all player types
AP Basketball Writer
DALLAS — The proposal the NBA sent to the players' association for a new collective bargaining agreement seeks cuts from the biggest superstars down to guys not even in the league yet.
A person who has seen the document tells The Associated Press that first-round picks would have their salaries cut by about one-third and the minimum salary would be reduced by as much as 20 percent. The person spoke on condition of anonymity because he was not authorized to comment publicly about the negotiations.
The total value of a maximum contract also would drop significantly.
The league sent the proposal to the union last week and negotiators from both sides will meet Friday to discuss a new deal to replace the one that will expire July 1, 2011.