Read the NBA Owners Proposal
Published on November 14th, 2011 by Astramskas, David | 107 views
SUMMARY OF PRINCIPAL TERMS OF NBA’S COLLECTIVE BARGAINING PROPOSAL GIVEN TO BILLY HUNTER FROM ADAM SILVER (made on November 10, 2011)
1. BRI Split
Players to elect one of two system options: • Option 1: Basketball Related Income (BRI) is split 50%/50% each season between the players and teams. • Option 2: Same as Option 1, except in addition: o Players receive a greater share of BRI to the extent BRI exceeds projections, and a smaller share of BRI to the extent BRI falls short of projections. Specifically, the players’ share (i) will be increased by 57% of incremental BRI in excess of projected BRI for each season, and (ii) will be reduced by 57% of the amount by which BRI falls short of projected BRI for each season; and o The players’ resulting overall share of BRI in a season is no less than 49% and no greater than 51%.
2. Salary Cap/Tax System • System includes a Soft Salary Cap as under the 2005 CBA. • Salary Cap and Tax levels set in relation to the projected escrow level (escrow level equals 50% of BRI, less Benefits, divided by 30) in same proportions as under the 2005 CBA. Salary Cap and Tax levels in years 1 and 2 to be no less than their 2010-11 levels. • Salary Cap Exceptions the same as under the 2005 CBA, except as follows: o Non-Taxpayer Mid-Level Exception: Set at $5M in years 1 and 2, growing 3% annually thereafter; maximum contract length alternates between 4 and 3 years; can be used every year. o Taxpayer Mid-Level Exception: Set at $3M in year 1, growing 3% annually thereafter; maximum contract length of 3 years; can be used every year.