NBA Players May Try to Dump Salary Cap
The head of the NBA Players Assn. said Wednesday that the union might attempt to abandon the salary cap when the collective bargaining agreement expires after the 1993-94 season.
Charles Grantham, the union’s executive director, said that the players agreed to the salary cap when the NBA was in financial difficulty, and that the players might not agree to extend the concept.
“I’m not so sure the salary cap is the answer to our problems,” Grantham said during a sports business forum. “The salary cap was necessary at the time. In four years, we’ll have to take a look at it again.”
In each season, the NBA guarantees players 53% of the league’s defined gross revenue. In the first year of the salary cap, 1984-85, the cap was $3.6 million. It has risen to $11,871,000 this season.
“We think the salary cap has worked well for both players and teams,” said Gary Bettman, the NBA’s senior vice president and general counsel.
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