The NBA has proposed that the players take a "50 percent paycheck reduction" starting on April 15 with the league on hiatus because of the COVID-19 pandemic, according to Shams Charania of The Athletic and Stadium.

Per that report, the NBA Players Association has countered with a proposal of a 25 percent pay cut that wouldn't take place until mid-May. 

On Tuesday, ESPN's Adrian Wojnarowski reported that the league and NBPA were negotiating the terms of potentially withholding pay, with that money being held in an escrow account. 

Woj also reported on the force majeure provision that could be triggered as the NBA remains on hiatus:

"The collective bargaining agreement maintains that players lose approximately one percent of salary per canceled game, based on a force majeure provision, which covers several catastrophic circumstances, including epidemics and pandemics. Once there is a cancellation of games, the force majeure is automatically triggered under the language of the CBA."

To this point, the league hasn't announced any plans to cancel games. But with social distancing guidelines still in place in the United States through April—and potentially beyond—it is unclear when the league could receive the go-ahead from medical experts to resume play.

As that date is pushed further back, it increases the odds that regular-season games could be canceled or the worst-case scenario of the season being scrapped altogether. 

Complicating the matter is that different players are paid on varying schedules, as Wojnarowski outlined. Less than 10 percent of the league's players, including LeBron James, are only paid between Nov. 15 and May 1. So James is owed two more paychecks this season.

Most players, however, have their paychecks stretched out over the course of the year. Those players still have 14 paychecks heading their way for this season. In theory, that means that the financial implications of a reduced salary could be less impactful for players in James' situation, though Woj added that "according to the CBA, the NBA could recoup future salary [from James] because he is under contract for 2020-21."

So a lot will have to be taken into consideration. Add it to the uncertainty surrounding the NBA and professional sports in general due to the coronavirus pandemic.