Thursday, September 8, 2011

Gabe Norwood Inks 8.4 Million Extension As PBA Mulls Wage Hike!

The rich are about to get richer!

PBA chairman Mamerto Mondragon said he will back efforts to raise the PBA's salary cap as well as raise the maximum monthly amount that a PBA player can make.

The adjustment on the maximum amount a PBA player can make can rise by as much as 20%, bringing the amount to around P420,000.

This comes in the wake of allegations made by Alaska CEO Fred Uytengsu that cheating is rampant among PBA teams.

Meanwhile, Fil-Am standout Gabe Norwood inked a 2-year 8.4 extension with Rain Or Shine, jumping the gun on any potential salary increases.


More on this story here.

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