Advertisement

The National Basketball Players Association is proposing to use millions of dollars of its share of the NBA's impending television revenue windfall to cover health-care insurance costs for its former players, league sources told Yahoo Sports. The plan is estimated to cost between $10 million-$15 million a year and a vote on passage of the union's initiative is set for the NBPA's July 20 membership meeting in Las Vegas. The union's 30 team player representatives are expected to pass the plan with ease and start the process of covering the retired players quickly, league sources said.