PBA SET TO IMPLEMENT A HIGHER ROOKIE-SALARY CAP RULES
The Philippine Basketball Association (PBA) is set to change the rookie-scale salary to keep Filipino competitive youngsters to play for the country.
The PBA may be facing a crisis of keeping rookie Filipino players on their board and sought after to other Asian leagues with more luring high salaries.
A study group, headed by Terrafirma governor Bobby Rosales said that the low rookie-scale salary is barring the young and competitive stars from playing for the Philippine basketball leagues and opt to be a player as import instead.
With this, as per the report of SPIN.ph, the group who were tasked by the league to revisit provisions of the league by-laws proposed a raise on maximum salary for the rookies.
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As of now, veteran players can be compensated as much as P420, 000 per month. On the other hand, those players during their first year in PBA are legally bound to receive a ceiling of P200, 000 per month or P2.4 million per year; and can only receive up to P300, 000 the succeeding year.
In the aim for the Philippine Basketball league to be more of a financially enabling community and avoid Filipino players being imported, the proposal is opting to increase the ceiling of rookie salary to P420,000 a month.
Right now, the country has let go Thirdy Ravena and Juan Gomez de Liano who both opted to play in Japan B. League and recently, the older Ravena is also looking to leave his PBA team NLEX after getting an offer from Shiga Lakestars.
An article from Japan Times in 2019 reported that a Japanese player can receive an average of P7.3 million per year. In this case, Thirdy and JDL are expected to have their salaries increase by 200 percent compared to what the Philippines league can offer.
In addition, Gilas Pilipinas gunners Rey Suerte and Allyn Bulanadi, whose contract with www.paperwritings.com will end in February 2022 are also allegedly being offered by the same country.