Post by Michele on Dec 6, 2011 22:24:25 GMT -6
Here is an article about the NBA's proposed labor deal Remember everyone involved has to sign off on this by this Friday December,9.
Specifics of NBA's Proposed Labor Deal
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 still must be ratified by the leagues owners and players.
Among the specifics in the collective bargaining agreement:
*Revenue split: The player will receive 49 to 51 percent of basketball-related income based on revenue projections. The split is set on a base case of 50 % with the players receiving 60.5 % of every incremental dollar beyond the target amount.
*Maximum contract lengths: 5 years for Larry Bird rights players. 4 years for non-Bird players. (HUH?)
*Maximum salary: A player finishing his rookie scale contact will be eligible to a maximum salary equal to30% 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 the tax threshold by $4 million will be limited to using $3 million mid-level exception with a 3 year maximum contract.
*New $2.5 million exceptions for teams below the salary cap to go over the cap. Those teams can't use the mid-level or bi-annul 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 contracts 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: 10% of players salaries will be held each year.
* Teams now have three days to match offer sheets given to their own free agents.
* Minimum team salary increase 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 teams cap.
bleacherreport.com/tb/bc9Dy
Specifics of NBA's Proposed Labor Deal
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 still must be ratified by the leagues owners and players.
Among the specifics in the collective bargaining agreement:
*Revenue split: The player will receive 49 to 51 percent of basketball-related income based on revenue projections. The split is set on a base case of 50 % with the players receiving 60.5 % of every incremental dollar beyond the target amount.
*Maximum contract lengths: 5 years for Larry Bird rights players. 4 years for non-Bird players. (HUH?)
*Maximum salary: A player finishing his rookie scale contact will be eligible to a maximum salary equal to30% 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 the tax threshold by $4 million will be limited to using $3 million mid-level exception with a 3 year maximum contract.
*New $2.5 million exceptions for teams below the salary cap to go over the cap. Those teams can't use the mid-level or bi-annul 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 contracts 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: 10% of players salaries will be held each year.
* Teams now have three days to match offer sheets given to their own free agents.
* Minimum team salary increase 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 teams cap.
bleacherreport.com/tb/bc9Dy
