NBA contracts and incentives
NBA contracts and incentives.
Segment 2. Case study. Explicit incentives.
NBA contracts and incentives:
Introduction.
As we have seen in class, sometimes the companies need to motivate their employees in order to achieve the goals that interest the company. As we know one of the best motivators (to achieve good things or correct bad things) is the money.
The money moves the world, and in the sport and in specific the NBA is not an exception.
We will explain the different incentives apart from the money, that exist in the nba and see which ones are the best, or if the way that nba tries to improve the performance of their players is a good way.
NBA positive incentives:
Now, we are going to explain how are ruled the incentives in the NBA, and we are going to use this article to explain it:
“I is for Incentives”
“Although a majority of NBA contracts are fully guaranteed, some players do have bonuses written into their contract that are only triggered if certain incentives are met. The Collective Bargaining Agreement sets the parameters for these incentives – resulting in a number of rules for those contracts that include incentives.
First of all, any bonuses written into the contract must, in the words of the CBA, “provide an incentive for positive achievement”. The CBA says that such incentives can be for individual/team performance in achieving specific benchmarks, they can be for achieving specific benchmarks regarding physical conditioning or academic performance, or they can be for making extra promotional appearances. Regardless of which of these types of incentives is actually written into a contract, the benchmark must be a specific number or a specific honor. To demonstrate the difference between a specific benchmark and one that is not allowed, the CBA itself provides this example: “By way of example and not limitation, an amendment agreed upon pursuant to subsection (iii) may provide for the player
Segment 2. Case study. Explicit incentives.
NBA contracts and incentives:
Introduction.
As we have seen in class, sometimes the companies need to motivate their employees in order to achieve the goals that interest the company. As we know one of the best motivators (to achieve good things or correct bad things) is the money.
The money moves the world, and in the sport and in specific the NBA is not an exception.
We will explain the different incentives apart from the money, that exist in the nba and see which ones are the best, or if the way that nba tries to improve the performance of their players is a good way.
NBA positive incentives:
Now, we are going to explain how are ruled the incentives in the NBA, and we are going to use this article to explain it:
“I is for Incentives”
“Although a majority of NBA contracts are fully guaranteed, some players do have bonuses written into their contract that are only triggered if certain incentives are met. The Collective Bargaining Agreement sets the parameters for these incentives – resulting in a number of rules for those contracts that include incentives.
First of all, any bonuses written into the contract must, in the words of the CBA, “provide an incentive for positive achievement”. The CBA says that such incentives can be for individual/team performance in achieving specific benchmarks, they can be for achieving specific benchmarks regarding physical conditioning or academic performance, or they can be for making extra promotional appearances. Regardless of which of these types of incentives is actually written into a contract, the benchmark must be a specific number or a specific honor. To demonstrate the difference between a specific benchmark and one that is not allowed, the CBA itself provides this example: “By way of example and not limitation, an amendment agreed upon pursuant to subsection (iii) may provide for the player