The NBA players agreed to receive 25% less in paychecks starting May 15 in the wake of the coronavirus outbreak.

“The NBA and the National Basketball Players Association announced today that they have reached agreement on the method for reducing player compensation in the event of a permanent cancellation of 2019-20 regular season or playoff games due to the COVID-19 pandemic,” NBA announced on Friday night.

“Through this agreement, and in order to provide players with a more gradual salary reduction schedule, partial reductions of 25% will begin with the players’ twice-a-month payment due on May 15,” NBA said.

Read more: Coronavirus: NBA players to get 25% less in paychecks