• PBA Philippine Cup 2017 Finals Ginebra 1-1 San Miguel, NBA 2017 Standings EASTERN Conference Cleveland 27-8 Toronto 24-11 Boston 22-14 Atlanta 20-16 Charlotte 20-17 Milwaukee 18-17 Indiana 19-18 Chicago 18-18 Washington 17-18 New York 17-19 Detroit 17-21 Orlando 16-22 Miami 11-27 Philadelphia 9-25 Brooklyn 8-27 WESTERN Conference Golden State 31-6 San Antonio 29-7 Houston 29-9 LA Clippers 25-14 Utah 22-15 Memphis 23-16 OKC 21-16 Portland 16-22 Sacramento 15-21 Denver 14-22 New Orleans 14-23 LA Lakers 14-26 Phoenix 12-25 Dallas 11-25 Minnesota 11-25PBA Season 42 Philippine Cup Schedule of Games //Baller Spotlight:Jeron Teng dances Twerk it Like Miley with Teammates: VIDEO here! FIBA: Yao Ming Named First FIBA Ambassador//GILAS: 16 year-old 6'0 Fil-Italian pointguard Dalph Panopio wants to play for Gilas//UFC: TV5 to broadcast UFC matches

Search This Blog

  • Share
  • Bookmark and Share

    Thursday, September 8, 2011

    PBA Increases Team and Player Salary Caps For PBA Season 37 : From 350,000 Pesos to 420,000 Pesos

    While the NBA is struggling to put an end to the Lockout that they are experiencing, the PBA on the other hand has finally increased the team and player salary caps.

    The proposal to have a 20 percent increase in the team and player salary caps was approved in a special meeting of the league's Governors yesterday. The said increase will take effect immediately in the PBA Season 37 which will open on October 2, 2011.

    In the said 20 percent increase, a player's monthly salary will be increased from the original 350,000 pesos to 420,000 pesos. The Team's annual cap on the other hand will also be increased from the original 36,000,000 million pesos to 42,000,000 million pesos.

    The reason behind the said increases was summed up by Mr. Mert Mondragon of the Rain or Shine Elasto Painters. He said that:
    “We realized that for us to retain our prized players and get some marquee players, we have to
    have the increase.”

    Thus, by increasing the team and player salary caps, the PBA hopes to attract more quality players to join the respective PBA teams. The increase will also challenge the current PBA players to play better for their team because if they will not perform well, their team now has the luxury to recruit better players who are more capable and who are more willing to play their hearts out in the PBA.

    1 comment:

    NoUse4aName said...

    It's not the solution to the problem. They have to find away on how the so called "violating" teams retains quality players and expose them. Ganun din naman kalalabasan nyan.

    Post a Comment