Yes it does seem that there is definitely going to be an NBA basketball season. Even though I am still a bit ticked with everyone involved, well maybe with the exception of the Mavericks. The players I am at least okay but Mark Cuban... well what can you say about him that already hasn't been said. I just hope he keeps his mouth shut like he did last season! And it would be nice if they can keep Tyson Chandler and Caron Butler but there seems to be a high chance of that not happening.
Anyway, here is what is proposed, and more than likely just waiting for the official votes, of the NBA's labor deal.
Specifics of NBA Proposed Labor Deal
by Andrian Wojnarowski
The NBA and the Players Association have begun circulating to teams,players and agents outlining some of the specifics of the proposed labor agreement that must still be ratified by the leagues owners and players.
Among the specifics in the collective bargaining agreement:
* Revenue split: The players will receive 49to 51 percent of basketball-related income based on revenue projections. The split is set on a base case of 50%, with players receiving 60.5% of every incremental dollar beyond the target amount.
* Maximum contract lengths: five years for Larry Bird rights players; four years for non-Bird players. *
*Maximum salary: A player finishing his rookie contract will be eligible to receive a maximum salary equal to 30% of the salary cap if he signs with his prior team and meets certain performance benchmarks: first, second or third team All-NBA two times; an All-Star starter two times; or one-time MVP.
* Annual salary increase: 7.5% for Bird players; and 4.5% for non-Bird players.
* Mid-level exception: up to $5 million starting salary with four-year maximum contract length for teams that don't exceed the luxury tax threshold by more than $4 million; teams that exceed this threshold by $4 million will be limited to using a $3 million mid-level exception with a three-year maximum contract.
* New $2.5 million exception for teams below the salary cap to go over the cap. Those teams can't use the mid-level or bi-annual exceptions.
*No reduction in rookie scale or minimum salaries.
* Player options are allowed for all players, similar to the previous collective bargaining agreement.
* Extend-and-trade contract similar to the one Carmelo Anthony received prior to his trade from the Denver Nuggets to the New York Knicks last season will continue to be permitted.
* Escrow pool: Ten percent of player salaries will be held each year.
* Teams now have three days to match offer sheets given to their own restricted free agents.
* Minimum team salary increases to 85% of the salary cap in the first two years of the deal and 90% of the cap in the years thereafter.
* Each team has one amnesty clause to use on a player currently under contract. The players' salary will be removed from the team's cap.
I'll post the NBA schedule at a later time.
* Larry Bird rights players :
The NBA's salary cap is not set in stone - teams are allowed to exceed the payroll maximum for a variety of reasons. One of the exceptions to the cap was created to allow teams to resign their own players. The Boston Celtics were the first team to employ the exemption, exceeding the cap to re-sign Larry Bird. Since then, it has been known as the "Bird Exception".
Players eligible to be signed under the Bird Exception are said to have "Bird rights".