BEIJING, Oct. 17 (Xinhua) -- Chinese Basketball Association (CBA) league will set up a salary cap on domestic players from the 2020-2021 season onwards following a meeting of club investors here on Thursday. He is trying to salvage relations in China, where more than 300 million people of the nation's 1.4 billion play basketball, according to the Chinese Basketball Association. Any contract exceeding that amount cannot be registered by the league.The CBA has not established a salary cap for foreign players in a move to encourage more high-quality overseas stars to join the league.The league also announced that from the 2020-2021 season, one club can increase its registered foreign players up to four, with a maximum of two foreign players submitted in the list before every match.To improve competitiveness and training quality of domestic players, the CBA ruled that only one foreign player can be on the court at any moment of a match. Jeremy Lin signs contract with Chinese Basketball Association's Beijing Ducks Lin, 31, signs to play with three-time CBA champions NBA veteran won title with Toronto Raptors last year The Chinese Basketball Association league will set up a salary cap for domestic players from the 2020-2021 season following a meeting of club investors in Beijing on Thursday.The league declared in a statement that the move is aimed at curbing the excessively rapid increase in the salaries of domestic players and promoting a sustainable development of the league.According to the plan unanimously approved by club investors, from the 2020-2021 season, the initial benchmark value of the salary cap will be 36 million yuan (US$5.09 million) for a club, with a buffer value of 12 million yuan, meaning the initial salary cap of a single club should be at least 24 million yuan and 48 million yuan at most.The league also ruled that from the 2020-2021 season, any newly-signed contract should apply the standard, seeing the maximum salary of a single player not exceeding 25 percent of the season's initial benchmark value of the salary cap, namely 9 million yuan for the season. BEIJING, Oct. 17 (Xinhua) -- Chinese Basketball Association (CBA) league will set up a salary cap on domestic players from the 2020-2021 season onwards following a meeting of club investors here on Thursday.The league declared in a statement that the move aims at curbing the excessively rapid increase of domestic players' salary and promoting a sustainable development of the league.According to the plan unanimously approved of by club investors, from the 2020-2021 season, the initial benchmark value of salary cap will be 36 million RMB (around 5.09 million U.S. dollars) for a club, with a buffer value of 12 million RMB, meaning the initial salary cap of a single club should be at least 24 million RMB and 48 million RMB at most.The league also ruled that from the 2020-2021 season, any newly-signed contract should apply the standard, seeing the maximum salary of a single player not exceeding 25 percent of the season's initial benchmark value of salary cap, namely 9 million RMB for the season. He is a Filipino-American basketball player who was the 26th pick in the 2014 PBA draft by Blackwater making him on influential PBA player of the time and the biggest “steals” of the 2014 draft. Quinton Brian Heruela was born on 13th April 1989 and plays for the San Miguel Beermen in the Philippine Basketball Association (PBA). Former NBA lottery pick Jimmer Fredette recently talked to HoopsHype about his experience playing in the Chinese Basketball Association. Europe is a growing market that will often pay U.S. players $100,000 a season, while China's CBA has wooed players such as Wilson Chandler and J.R. Smith to play for between $1 and $3 million a year, tax free.
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Any contract exceeding that amount cannot be registered by the league.The league has not established the salary cap for foreign players as a measure to encourage more high-quality foreign players to join the league.The league also announced that from the 2020-2021 season, one club can increase its registered foreign players up to four, with a maximum of two foreign players submitted in the list before every match.To improve competitiveness and training quality of domestic players, the league ruled that only one foreign player can be on the court at any moment of a match. Chinese clubs want NBA-style salary cap 4 Min Read (Reuters) - Teams in China’s professional basketball league are calling for an NBA-style salary cap after a …
The Chinese Basketball Association league will set up a salary cap for domestic players from the 2020-2021 season following a meeting of club investors in Beijing on Thursday. After he led the Ducks to their first Chinese Basketball Association championship in 2012, the team installed a statue of him outside the stadium. NBA superstar Dwyane Wade has reportedly received an offer to play in China for a three-year deal worth $25 million. By playing for one of the other basketball leagues across the globe, players can more easily earn $65,000 or more. Are you a Stathead, too?