• PBA Release Schedule for 45th Season Philippine Cup 2020, Beyonce sings for Kobe Bryant, Vanessa Bryant shares touching message for Kobe,Laker-Portland pays tribute to Kobe Bryant, Ginebra wins Governors Cup Title once again, SEA Games: Philippines Overall Champions, Hidilyn Diaz bags another gold!, Manny Pacquiao ushers in the cauldron lighting during SEA Games Opening, Ateneo Blue Eagles UAAP Champs Once again!, Thirdy Ravena makes history as only UAAP Player to win Finals MVP 3 straight times, MPBL probe continues, Phoenix Fuel Masters trade Bobby Ray Parks to Talk 'n Text, Lakers dominating the West, GSW is having issues, Zion Williamson has minor knee issues, Tacko Fall is a beast but with no playing time as Celtics have best record so far!, NLEX outlast Talk 'n Text, Japeth Aguilar marries long-time GF Cassandra Naidas!, UAAP New Era Caps on Sale at Zillingo, Baller Spotlight:Jeron Teng dances Twerk it Like Miley with Teammates: VIDEO here! FIBA World Cup: Philippines in Group D //GILAS: 6'0 Fil-Italian pointguard Dalph Panopio shines again , UFC:

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