Wednesday, July 13, 2011

$160 million in escrow money to be returned to NBA players

Steve Aschburner of NBA.com reports:
Escrow money withheld from all NBA players’ paychecks each season will be returned to them this offseason for the first time, providing a $160 million infusion of cash in the midst of the league’s labor lockout.
The escrow funds — representing eight percent of each NBA player’s salary — are held back [...]

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