National Basketball Association players, who were paid anaverage of about $5 million last season, will be forced for thefirst time to save money for retirement.
Players in the league this past season will receive $34 million,or 1 percent of what the league and union call basketball-relatedincome, to be invested in an annuity, union attorney Ron Klempnersaid.
Details of the plan, such as which annuity will be chosen or howthe money will be distributed, need to be worked out, Klempnersaid.
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