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The Biz

By Peter Keating

Tuesday, March 24, 2009

The typical NBA player makes more than $2 million a year, but there's one thing pro hoopsters hate about their paychecks: 9% is set aside in an escrow fund before it ever hits their pockets. What happens to all those Benjamins? The answer is about to change, and it could have a big impact on your favorite team. Under the 2005 labor deal, players as a group are entitled to 57% of "basketballrelated income" generated by the NBA and its teams, including revenues from ticket sales, TV and radio de ...

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