The NBA and its players came to a tentative agreement last night to end the NBA lockout. The NBA will give fans a Christmas present by tipping off with three games on Christmas almost certainly including Bulls @ Lakers.
There are still relatively slim details on the final agreement, and I suspect most fans don't care about the details [though I will break them down as soon as I have them].
For the lockout to end officially there are a bunch of details to workout, union needs to reform, approved by owners, paperwork done, etc.. There will be a final bargaining session over minor issues over the next couple days, but things have reached a point where it should be a done deal.
Realgm has a nice summation of the known details so far:
- Free Agency Starts on or around December 9
- Training Camps Starts December 9
- Few Exhibition Games Will Happen
- Games begin on December 25
- Opening Day Games are Celtics Vs Knicks, Heat Vs Mavs, Bulls Vs Lakers
- 66 Game Season
- Players agree to 51-49 Split (ESPN Reports Players Receive 49% over 57%. Improved Profits Give 51%)
- High spending teams lose advantage
- Owners must spend a percent of salary cap on team payroll in 1st 2 years (90 percent of cap in years 3 and on)
- Luxury Tax is harsher (Extreme Tax at 85 Million or Higher)
- No hard cap
- Up to a $4 to the Dollar Tax
- Deal is valid for 10 years
- Both sides can opt out after year 6
- Owners won agreement per ESPN, Slam Dunk
- Agreement still pending, need to write the agreement out.
- Draft, Age Limit, Drug Testing will be discussed further tomorrow
Quick analysis on the new agreement:
Stiffer luxury tax means the Bulls may not be payers [shocking], but it will also likely limit the amount other teams will spend over the Bulls balancing how much of an advantage teams like Miami/LA/NY will gain with the luxury tax. It's hard to see anyone drifting above the 85 million mark and paying $4 per $1 over.
KC Johnson has already doused fire on the Bulls using the MLE saying they'll be looking at amnesty cuts to pick up someone at the minimum. Such a philosophy indicates that they don't want to be tax payers at all.
A full break down of the new agreement and Bulls plans coming up over the next few days as well as a podcast discussing everything tomorrow.
Filed under: Collective Bargaining Agreement