MB:
A proposal by PBA Commissioner Angelico “Chito” Salud to increase the salary of players receiving the maximum monthly salary that was not taken up during last week’s PBA annual planning session in Hong Kong, will top the agenda of Thursday’s board meeting following a call by Alaska to adjust the salary cap.
Salud is expected to propose that the maximum be increased by 20 percent, raising salaries of players receiving P350,000 a month to P420,000.
A PBA player’s maximum salary used to be P500,000 but that was cut to today’s level 10 years ago after an economic slowdown affected most teams.
Should Salud’s proposal gain approval, the increase might take effect as soon as this coming 37th PBA season which opens October 3.
“That’s what we’ll propose to the board,” Salud said Wednesday.
But while the rich might get richer, players below the maximum will not get a similar across the board increase.
PBA owners fear that a similar increase for everyone might upset the team salary cap which is pegged at P36 million a year.
The planned increase for top players has gained the positive backing of new PBA chairman Mamerto Mondragon of Rain or Shine.
“I think it can be done since no team has reached the maximum (salary cap),” he said.
But he allowed that individual teams may decide to give increases to the whole lineup so long as they do not surpass the cap.
He said other players can renegotiate their contracts if they feel they deserved an increase.
A total of 15 players are receiving the maximum salary of P350,000.
These are LA Tenorio, Sonny Thoss, Tony dela Cruz and JR Reyes of Alaska, James Yap, Kerby Raymundo and Joe Devance of B-Meg, Asi Taulava and Reynel Hugnatan of Meralco, Kelly Williams and Ranidel de Ocampo of Talk ’N Text, Barangay Ginebra’s Mark Caguioa, Danny Seigle of Barako Bull, Gary David of Powerade, and Gabe Norwood of Rain or Shine.
Only two teams don’t have a player with maximum salary, newcomer Shopinas and surprisingly, recently-crowned Governors’ Cup champion Petron Blaze.
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Information Courtesy of MB / WAYLON GALVEZ
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