Video: CNBC’s Darren Rovell talks missed NBA paychecks
Tuesday would have been the first payday of the first payday of the year for NBA players — as of today they are missing paychecks. How much money are we talking? CNBC’s Darren Rovell breaks it out for some of the big names and yes, Kobe Bryant just missed a more than $1 million payday. But of course, that’s before taxes, after taxes it’s barely enough to live on (*cough*).
Some owners thought going into this that if the players missed a paycheck or two the owners leverage would skyrocket. Instead, the players have dissolved the union as its negotiator and filed antitrust lawsuits against the owners. They are fighting back.
Which may well doom the season.