Blog Entry

Details emerging about new NBA agreement

Posted on: November 26, 2011 10:14 am
Edited on: November 26, 2011 10:41 am
 
Posted by Royce Young



There's a new deal on the table. Finally. Question is, what's it look like?

Because it's not a new Collective Bargaining Agreement yet and actually a "settlement," nobody's really leaking out all that much. There are a few things that have wiggled out though.

Here's what we know so far:
  • According to reports, the players will be getting their 49 to 51 percent Basketball Related Income "band," but in this proposal, they have a much more realistic shot at reaching the 51 percent.
  • According to NBA.com, the full mid-level exception will be five years for up to $5 million. Non-taxpaying teams above the salary cap will be able to use it. Previously, owners were pushing for alternating three and four-year maximums on the MLE.
  • According to NBA.com, there apparently will be a “mini” mid-level exception for taxpaying teams for $2.5 million, restricting the amount they can offer to free agents.
  • According to NBA.com, a 10 percent maximum escrow tax will be withheld without the unlimited “true up” amount requested by the owners in the last offer.
  • According to Sheridan Hoops, the entire rookie salary scale and veteran minimum salaries will stay the same as they were last season. Owners had been seeking 12 percent cuts previously.
  • According to Sheridan Hoops, qualifying offers to restricted free agents will become “significantly” improved. Already the sides had agreed the allotted time for a team to match an offer from seven days to three.
  • According to Sheridan Hoops, "the prohibition on luxury tax-paying teams from executing sign-and-trade deals was loosened, although the freedom to execute those types of deals will still be limited."
  • Interesting nugget: According to multiple reports, both sides will have the option to opt out of the 10-year deal after six years.
  • As previously known, the deal includes the amnesty clause, which will allow teams to cut one player and not have his salary count against their cap number.
Category: NBA
Comments
jakemarkdo
Since: Nov 26, 2011
Posted on: November 26, 2011 12:29 pm
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Since: Aug 21, 2006
Posted on: November 26, 2011 12:18 pm
 

Details emerging about new NBA agreement

Yep. The NBA learned absolutely nothing from the NHL.



Since: Oct 7, 2011
Posted on: November 26, 2011 11:15 am
 

Details emerging about new NBA agreement

What an incredible disappointment.  The owners gave away the farm again.  Unfortunately, the NBA may survive the next season or two, but will be in precisely the same situation at the end of this contract as they were 150 days ago.  The small market teams will be just surviving.  The large market teams will be buying all of the stars and the competition will be between five or six teams.  This will continue as long as the fans can still afford to attend games and keep making their Comcast payments in order to watch ESPN...  "There is nothing new under the sun."

 


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