From Young at CNBC:

In an hour-long call on Tuesday afternoon, executives at the National Basketball Players Association (NBPA)… told agents that any compensation deal constructed by the NBPA and league owners will include refunds on all NBA contracts.

The repayments will hit hardest for players who receive their paychecks on a six-month cycle, who receive more money per pay cycle but don’t get checks during the off-season. (Agents usually prefer 12-month payment plans to protect players from over-spending, and to keep them from struggling once the season ends and paychecks stop rolling in.) It will also hit hard for some players who received advance payments on their contracts. Teams often use advances to lure free agent players to sign deals sooner, at times offering full or partial payment of contracts upfront.

LeBron James, Kevin Durant, and several other stars get a lot of their money up front.

In the case of LeBron and Durant, both of whom are under contract for future seasons with their teams, a deal could be worked out to dock future pay rather than have the player write the team a check.

The situation could be different for other players.

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