NEW : Yao 's agent tells CNN he will hold news conference on July 20 to discuss his future . The basketball superstar has set up the Yao Ming Foundation which he uses to attract donations and raise funds for charity , including building schools and supporting education . TL;DR NBA star Yao Ming has been suspended for the rest of this season and fined $50,000 by Chinese basketball federation. One Chinese media outlet says Yao did not announce his retirement . The 30-year-old basketball player has been plagued with injuries in recent years .
NEW : Yao 's agent tells CNN he will hold news conference on July 20 to discuss his future . TL;DR NBA star Yao Ming has been suspended for the rest of this season and fined $50,000 by Chinese basketball federation. One Chinese media outlet says Yao did not announce his retirement . The 30-year-old basketball player has been plagued with injuries in recent years .