NBA Player’s financial records to become public


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New financial records have become public thanks to a new federal law that require unions to show their financial records to the U.S. Department of Labor.
Last fiscal year, the NBA paid the NBA Player’s Association $25 million of the league’s merchandise and licensing income. Starting with the collective bargaining agreement in 1998, the players started getting a big piece of it, even those who are out of the league or retired. Michael Jordan got a check for $77,000, LeBron James got $40,000. That money is doled out based on service time, not individual sales. That’s why Cavs General Manager Danny Ferry got more than James and Jordan, collecting $113,000, the same as Kobe Bryant. One of the biggest checks went to Cavs broadcaster Scott Williams at $137,000. That’s even more than Shaquille O’Neal’s cut of $121,000.

Who else is getting paid:

Mark Price ($20,000),
J.R. Bremer ($50,000),
Ron Harper ($52,000),
Terrell Brandon ($99,000),
Shawn Kemp ($63,000),
Robert Traylor ($105,000)
And yes Harris made $123,000 and Welsch was paid $65,000

Source: The Akron Beacon Journal

Published by Luke Ross

Luke Ross, is the founder of CavsNews.com. Luke grew up watching and playing soccer but his heart was always in Basketball. Luke arrived in Cleveland in 1993 and turned into a Cavaliers fan since.