By voluntarily forgoing some of its side’s share of the league-wide revenue boom now to ensure that aging players can afford medicine and surgeries in perpetuity, the union may cut a more sympathetic figure in future labor fights. The National Basketball Players Association (NBPA) announced today that its player representatives have voted unanimously to fund health insurance for all retired NBA players … A few years after that induction ceremony, Monroe Another uninsured former New York Knick named Harthorne Wingo found himself behind on rent and Because the union’s normal revenues — membership dues from players and agents, and licensing money from video games and other outside-the-league uses of players’ likenesses — would likely be insufficient to furnish the insurance plan’s costs, players will have to forgo some of their share of that massive TV deal to fund the idea. (1:31)Retired NBA players with at least three years of service time in the league will receive health insurance funded by the National Basketball Players Association.The NBPA voted unanimously to approve the measure, one it touted as "the first of its kind among North American professional sports. Facebook. All rights reserved. Amazon Sale - Sanitize Work Space Easily! The NBPA has Many pundits anticipate that owners will force a lockout again in two years rather than deal with the large projected jump in player pay. Here are the 6 things you need to know from Day 2 of the NBA restart. Net income available to common shareholders sees dropExperts speak about new regulations and market trendsThe platform will allow users to instantly rate, quote and bind workers' compensation policies NEW YORK (AP) The National Basketball Players Association's player representatives have voted unanimously to fund health insurance for all retired NBA players with at least three years of service. Retired National Basketball Association (NBA) players The plan will reportedly tap $10 to $15 million per year from the players’ share of the nearly $3 billion that ESPN and TNT are paying annually for the league’s broadcast rights over the coming decade.Many of the roughly 1,500 living former NBA players were out of the league years before the salary and endorsements explosion of the modern era. "I couldn't be more proud of Chris, our Executive Committee and our entire membership," NBPA executive director Michele Roberts said in the statement. Fox Sports™ and © 2020 Fox Media LLC and Fox Sports Interactive Media, LLC. Reddit. Twitter. Already a website member? The National Basketball Players Association (NBPA) announced Wednesday that its members have voted to foot the health insurance bill for all retired players who were in … ESPN.com news services Retired NBA players with at least three years of service time in the league will receive health insurance funded by the National Basketball Players Association.
''Providing health care security for players who came before them has been on the players' minds for the past year and they worked closely with us to make it happen.'' A player with a minimum of three years of play reportedly receives an annual pension check of $21,360 at retirement.