Quantcast
Latest Stories

PBA players’ pay, team cap on salaries raised

By

MANILA, Philippines – There are a lot more reasons to play in the Philippine Basketball Association these days.

The league’s board of governors approved on Thursday, a 20-percent increase in the individual salary cap for players, putting the ceiling now at P420,000 per month while boosting the team cap to P42 million from P36 million.

On top of that, the board also gave ball clubs a free hand in giving out bonuses like multimillion-peso incentives to players during championship playoffs.

“We didn’t like it initially,” Mamerto Mondragon, the new league chair representing Rain or Shine, said of the approved increase. “But we realized that we have to strengthen the teams and we have to make some adjustments.”

Mondragon, though, admitted that not being able to put a limit in by-phase bonuses would work for “richer” teams, which have been rumored to be very open in promising their players bonuses amounting to the equivalent of up to seven months of their basic pay.

“We just have to live with that,” Mondragon said.

The new cap applies to every player, even to those who signed fresh pacts like Gabe Norwood of Rain or Shine, who inked a two-year extension worth the old ceiling of P350,000 a month.

Those players who signed new deals and even those who have existing pacts can renegotiate to get the new maximum with their mother ballclubs.

“They can renegotiate,” Mondragon said. “But as far as we [teams] are concerned, they have to perform first.”

The decision of the board came in the wake of Alaska owner Wilfred Steven Uytengsu’s allegations of under-the-table transactions practiced by some of the richer teams in the league.

“Now we have elbow room to give more,” JB Baylon of Powerade, the vice-chairman, said.

The P420,000 cap is just P80,000 shy of the all-time high that teams paid superstar players like four-time MVP Alvin Patrimonio, Jun Limpot, Marlou Aquino, Dennis Espino, Boy Cabahug and Kenneth Duremdes in the past.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.


Tags: Basketball , PBA , Philippines , salary cap , Sports



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement

News

  • Napoles tags over 100 officials in pork scam – Lacson
  • Vitangcol to sue Czech envoy
  • Senator’s kickback from pork bigger than those of Enrile, Estrada, Revilla – Lacson
  • 43 out of 414 Etihad passengers yet to be found, tested for MERS-CoV – Palace
  • Sandigan junks Marcos family claim to Paoay property
  • Sports

  • Caguioa blasts ‘no heart, soft’ Ginebra on Twitter
  • San Mig Coffee grinds out win over Alaska to force decider
  • UP nips St. Benilde; Adamson blasts RTU in Filoil women’s caging
  • Kevin Garnett responds to Raptors’ GM F word
  • Albert Pujols hits 500th HR of major league career
  • Lifestyle

  • Entering the monkhood a rite of passage
  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Entertainment

  • Bollywood Oscars, film stars come to Florida
  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Business

  • SM to rebuild Tacloban hospital
  • PSEi slips after 4-day rally
  • Toyota sells 2.58 million vehicles, outselling GM
  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • 19 Ukrainians, Russians, Filipinas rescued in bar raid
  • Filipinos coming home from Mideast must obtain MERS clearance – DOH
  • US Secret Service in Manila ahead of Obama visit
  • Palace thanks Estrada for successful HK mission
  • Hong Kong accepts PH apology; sanctions also lifted
  • Marketplace