Maccabi explore potential salary reductions for players / News - Basketnews.com

As a result of having to play their EuroLeague home games in Belgrade without fans, Maccabi Tel Aviv experience financial losses and consider a reduction in players' salaries to address the situation.

Credit: IPA/SIPA - Scanpix Credit IPA/SIPA - Scanpix

Maccabi Playtika Tel Aviv have submitted a proposal suggesting a partial reduction in players' salaries to cope with the financial impact of relocation and playing games without spectators, BasketNews sources confirmed.

Maccabi Playtika Tel Aviv / Schedule

LDLC ASVEL Villeurbanne Maccabi Playtika Tel Aviv91-94 Virtus Segafredo Bologna Maccabi Playtika Tel Aviv100-90 Maccabi Playtika Tel Aviv Anadolu Efes IstanbulThu19:05

EuroLeague Players'Association (ELPA) is currently evaluating the situation, as a final decision has not been reached yet, sources tell BasketNews.

Walla Sports first reported that Maccabi had already informed all club employees, including administration and staff, of a 15 percent wage cut. Additionally, the club is exploring further cost reduction by cutting players' salaries.

Maccabi communicated to players their intention to activate the force majeure clause in the EuroLeague Framework Agreement (EFA). This clause comes into play when contractual duties become entirely or partially unfeasible due to reasons beyond the control of the club or players, such as a pandemic, government measures, or other official interventions.

The decision to relocate to Belgrade was prompted by the war between Israel and Hamas, with Maccabi and other Israeli basketball teams moving to Serbia for safety reasons.

The 1% gross salary reduction for each home game represents the maximum limit EuroLeague clubs can propose to their players under the EFA.

Per sources, Maccabi are in discussions with players to explore a cut of less than 1% of their salaries per one home game.

The total percentage of the total gross salaries that might be cut is not precise at this point.

Maccabi are scheduled to play 12 more EuroLeague home games until the end of the regular season.

Support BasketNews so we could make even better content.