NBA To Allow Teams To Help Pay To Get Players Out of China
The NBA will allow teams to help pay to get players out of a contract with the Chinese Basketball Association, NBC Sports reports.
Reports suggest teams in China could let the players return to the NBA if they refund their entire salary and pay a penalty of approximately $1 million. The league will allow NBA clubs to pay up to $500,000 of the cost.
The Chinese Basketball Association runs through March and the contracts are set to expire at that time. The deals reportedly had no opt out clauses.
A Chinese official initially announced at the end of the lockout that players can either play in China and return to the NBA in March or not play, forfeit pay and return to the NBA in March. Many NBA stars including Wilson Chandler, J.R. Smith and Kenyon Martin (all free agents) signed with Chinese teams during the lockout.