CBA and Salary Cap related items...New 6 year deal reached 2023!

[JayBirdHawk]

I like it.

 

 

[JayBirdHawk]

As part of the next collective bargaining agreement, NBA players will have an increased flexibility to invest alongside team owners in businesses outside of the NBA.

The previous five percent safe harbor limit is being more than doubled to 12.5 percent.

Players can also invest directly in independently owned WNBA teams or those not owned by NBA owners. 

Investments by the player and his family cannot exceed four percent, and he can only invest in one team.

[JayBirdHawk]

 

 

[JayBirdHawk]

 

 

[JayBirdHawk]

 

 

[JayBirdHawk]

 

 

[sturt]

 

 

[JayBirdHawk]

 

 

[JayBirdHawk]

More info:

 

[*]Starts mostly 2023-24 thru 2029-30, but can opt out a year early

[*]First apron and second apron will grow at rate of growth of salary cap. First apron starts at $7m over the tax level and second apron starts at $17.5m over the tax level. Second apron starts with 2023/24 season.

[*]For first apron teams, from 7/1/23 to last day of 2023-24 season, salary matching limited to 110% of sent salary, while that will go to only 100% of outbound salary starting after the last day of the 2023-24 regular season

[*]Second apron teams can't aggregate salary, trade cash, or receive a player via S&T starting the day after the 2023/24 regular season

[*]It appears a second apron team losing a player in free agency cannot S&T that player out to create a TPE at all

[*]Beginning after the last day of the 23-24 season, First apron teams will be unable to use any TPE's generated in a prior year

[*]Teams can be hard capped at each apron level... (i.e. if a team uses the TPMLE, they cannot cross over the first apron level)

[*]If a team doesn't meet the minimum salary by the start of the regular season, the team will be required to pay the difference to the NBA with it being paid to ALL players in the NBA, not just players on their team, AND that payment will be added to the team's salary for cap purposes that season (so no paying the payment and then still using that extra cap space in the season)...team also will not receive a tax distribution (but a 50% tax distribution for 23/24)

[*]175% trade allowance for matching salary jumps to 200%, and a team over the tax, but below the first apron can use this salary matching

[*]The $5m trade allowance for matching salary jumps to $7.5m and a team over the tax, but below the first apron can use this salary matching

[*]2nd round pick exception will have specified salary amounts, and can be signed for 3 or 4 year contract (looks like not shorter than 3 years)

[*]All rookie scale extensions can be up to 5 years, not just maximum salary extensions

[*]Extend and trades can be up to 4 years total under contract and first year of extension can be 120% of the greater of players prior salary and estimated average salary (this starts in 2024/25)

[*]Offer sheet matching periods change to essentially midnight of the night following the day the offer is received (as long as offer is received before 12 noon, so a minimum of 36 hours)

[*]A team can choose to stretch a player (but only one time) in any future year before August 31, if they elected not to originally stretch the contract previously (but only for players waived July 1 2023 or later)

[*]Players dismissed under the anti-drug program can apply for reinstatement after 1 year, instead of the previous 2 year minimum

[*]3 Two-way contracts starting in 2023 and camp roster limits go to 21 as result instead of 20

[*]Exhibit 10 bonuses go from $50k to $75k and rise with rate of growth in salary cap

[*]Summer loophole appears closed, if a team makes a trade after a regular season that would put them over an apron level, they will be at that apron level for the remainder of the offseason AND the immediately following season (even if expiring contracts would drop them under that level on July 1)

[*]Two Way "signing deadline" pushed back from 1/15 to 3/15

[JayBirdHawk]

9 minutes ago, JayBirdHawk said:

 

[*]If a team doesn't meet the minimum salary by the start of the regular season, the team will be required to pay the difference to the NBA with it being paid to ALL players in the NBA, not just players on their team, AND that payment will be added to the team's salary for cap purposes that season (so no paying the payment and then still using that extra cap space in the season)...team also will not receive a tax distribution (but a 50% tax distribution for 23/24)

This is new and interesting.^^

[JayBirdHawk]

Projected Salaries:

Salary cap $134 million

Luxury Tax $162 million

First Tax Apron - $169 million 

Second Tax Apron - $179.5 million

[sturt]

Those were the numbers conveyed last fall.

Some are convinced the numbers will ratchet up slightly because of the agreement in the new CBA to include licensing in the BRI.

https://www.mavsmoneyball.com/2023/4/10/23675198/projecting-the-2023-24-nba-salary-cap-dallas-mavericks

 

[JayBirdHawk]

Finally signed.

 

 

[JayBirdHawk]

Is parity in the NBA here to stay? The new CBA could be the key.

 

And it was with that history in mind that both sides of the CBA negotiations made it clear that the NBA's goal is to do everything it can to level the playing field. In doing so, the league can attempt to realize late NBA commissioner David Stern's utopian vision: that 30 well-managed teams could all have a fair chance to compete for a championship (and make a profit).

"That was very much our intention," NBA commissioner Adam Silver said in early July in Las Vegas, referring to the league hoping the new CBA will maintain the recent level of parity.

"I think with this new agreement, it will help to further distribute great players around the league. Now, that doesn't ensure championships. Management still matters a lot in this league, [as does] coaching and everything else."

 

https://www.espn.com/nba/story/_/id/38057483/is-parity-nba-here-stay-new-cba-key