Parker not locked out of hoops in France

The French Basketball Federation has obtained insurance sufficient to cover the contracts of its NBA players, paving the way for the Spurs’ Tony Parker to play in the Eurobasket tournament in Lithuania later this summer.

The announcement came via a post on the official website for FIBA, the sport’s international governing body.

The question of insurance for international players has been a hot-button issue since the start of the NBA’s lockout July 1.

Typically, the NBA agrees to pay to insure 80 percent of a player’s salary, with foreign federations left to foot the remaining 20 percent. With a work stoppage in effect, however, the NBA has been unwilling to pick up its share of the tab, leaving the often cash-strapped international teams to shoulder the full financial burden.

For the French federation, that meant securing coverage for more than $125 million worth of NBA contracts. Earlier this summer, Parker said he wouldn’t consider playing this summer unless his contract was insured.

That obstacle cleared, the 29-year-old Parker was set to join fellow French NBA players Boris Diaw, Ronny Turiaf and Nicolas Batum for the start of training camp Wednesday in southern France. Eurobasket, an Olympic qualifying tournament, begins Aug. 31.

News of Les Bleus’ success in obtaining insurance came following a Tuesday meeting in New York between NBA commissioner David Stern and FIBA officials, though it is uncertain if the resolution was a direct result of those talks.

“Even before the formalization of the NBA lockout … the French Basketball Federation began working on insurance contracts of employment of selected players, in particular by proposing a pooling of insurance for all the federations concerned,” read a statement posted to FIBA.com. “Thanks to this French initiative, the coverage of the players is finalized.”