Aging players who formed the cornerstone of...
Aging players who formed the cornerstone of the National Basketball Assn but were left out of its pension plan will get benefits after all, an NBA executive told former players gathered at the basketball Hall of Fame in Springfield, Mass.
But how much the pre-1965 players will get and who will pay for the plan are details that have yet to be worked out, NBA Executive Vice President Russell Granik said at a closed meeting with the National Basketball Old-Timers Assn.
There are 104 living players who have missed out on benefits because they stopped playing before 1965, when the NBA pension plan went into effect.
The association has proposed that the NBA pay benefits of $100 a month for every year of service to the pre-1965 players with at least five years in professional basketball.