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金联盟无线充ichaiyang 2024-05-13 5:00 37
The so-called escrow fee is that 10% of an NBA player's salary is put into an escrow account, and if the player's total salary represents more than 55% of NBA basketball-related re...

What does nba custodial fee mean?

The so-called escrow fee is that 10% of an NBA player's salary is put into an escrow account, and if the player's total salary represents more than 55% of NBA basketball-related revenue, the money goes to the league.

The NBA stipulates that players have a salary trusteeship in their salaries, which is to ensure that both parties receive a 50-50 income. Typically, 10 percent of a player's salary goes into an escrow account, which is returned to the player if he does not earn half of the league's revenue.

If a player earns more than half of the league's revenue, then the money in the escrow account is returned to the owner on a pro rata basis to ensure that the player earns 50 percent of the league's revenue.