Key points of the tentative NBA labor deal
NBA owners and players have reached a tentative agreement to end
the 149-day lockout and plan to begin the delayed season on
Here are some highlights:
The deal: Largely completed around 3 a.m. EST Saturday, then
announced. More details still must be tackled including dismissing
all pending lawsuits, making the National Basketball Players
Association f an actual union again and voting by both the players
and owners to ratify the agreement.
Key dates: Dec. 9 (free agency opens, camps open), Dec. 25
Owners’ biggest win: Reducing the players’ guarantee of
basketball-related income to no higher than 51 percent after they
received 57 percent under the previous collective bargaining
agreement. With each BRI point worth about $40 million based on
last season’s revenues, that’s a swing of at least $240 million
annually, erasing most of what owners said were $300 million in
losses last season.
Owners’ biggest loss: The NFL style hard cap and non-guaranteed
contracts they sought. The system is in fact similar to the old
one, just with harsher luxury tax penalties to limit spending.
Players’ biggest win: The preservation of the midlevel exception
– though in a reduced form – and various trade rules for teams over
the luxury tax, keeping the biggest market teams in the running to
bid for them, even if they can’t pay as much as they used to.
Players’ biggest loss: Money. They’re transferring more than $1
billion in salary and benefits to owners in the first six years of
What’s next: Look for talks early this week on a preseason
schedule, the dismissal or settlement of pending lawsuits, then
movement toward getting the entire CBA written.