Some NBA players still receive paychecks during a lockoutPosted by Inside Hoops
Jeff Zillgitt of USA Today reports:
Los Angeles Clippers forward Al-Farouq Aminu wants to play basketball next season. But if he doesn’t, he isn’t overly concerned about his financial situation.
Aminu, a rookie last season, is one of four clients of agent Raymond Brothers who spread their 2010-11 NBA salaries over 18 or 24 months to continue receiving paychecks if the league-imposed lockout forces the cancellation of games.
Memphis Grizzlies forward Zach Randolph, Dallas Mavericks forward Caron Butler and Detroit Pistons guard Ben Gordon, all Brothers clients, have similar setups.
If games in 2011-12 are lost, “They will not know financially that they’re in a lockout,” Brothers said. “If there is a lockout, you’ll able to pay your bills. And you’re already used to a certain way of living because your paychecks will be consistent.”
Players normally receive bi-weekly paychecks from Nov. 15 to May 1, although some opt for a November to November schedule. But Aminu will receive payments from last season until Nov. 1, 2012. Randolph will be paid through May 1, 2012.
InsideHoops.com editor says: I am happy to announce that I will continue to pay myself during the lockout as well.