OFFICIAL lockout update thread (merged)
- Thread starter Bballkingsrock
- Start date
G_M
Starter
Jerryaki said:
The salary cap is going up so theoretically that could benefit the Maloofs if they are looking to spend some money. They would not have to pay as much luxury tax.
In general the agreement favor owners. Raises per contract year have been lowered. Also, contract lengths are reduced a year.
Bricklayer
Don't Make Me Use The Bat
Jerryaki said:
I was actually thinking that that bump in salary cap might end up HURTING us by increasing the number of teams that can sign Cat outright and meaning a team like Denver would no longer need a sign and trade to get him.
Does increase the possibility of us one day actually being able to get under the cap, albeit not so long as we have big contracts for Brad, Mike and Peja worth $35mil or whatever (depending on Peja's deal).
Could also protect our owners from themselves if they decide they have such a chubby in their pants over Peja that they are just going to throw max money at him. Fewer years + lower annual increases means that he'd probably only earn $21 million at age 35, rather than $26.
loopymitch
All-Star
No lockout!!!!
Cake, ice cream and beer and I don't even drink.
it's party time bball fans. What a relief!!
Cake, ice cream and beer and I don't even drink.it's party time bball fans. What a relief!!
Bibby_Is_Clutch
Starter
NBA, union agree on terms of new collective bargaining agreement
NBA, union agree on terms of new collective bargaining agreementBy CHRIS SHERIDAN, AP Basketball Writer
June 21, 2005
SAN ANTONIO (AP) -- A minimum age of 19 to be eligible to play in the NBA was part of a new six-year collective bargaining tentatively agreed to Tuesday by owners and players, averting the possibility of a lockout. Commissioner David Stern and union director Billy Hunter flew to the NBA Finals from New York and announced the agreement prior to Game 6 between San Antonio and Detroit. The deal came on the fourth consecutive day of talks between the sides to replace the seven-year agreement that expires June 30. ``We're gratified that we were able to avoid a work stoppage,'' Stern said. ``This agreement creates a strong partnership with our players, which is essential for us.''
The sides reached agreement on several key issues that had held up a settlement since serious talks began in late February. Among them were a one-year increase to 19 in the minimum age for draft eligibility, a reduction in the maximum length of long-term contracts from seven years to six, and reductions in the size of annual salary increases in those long-term contracts from a maximum of 12 1/2 percent to 10 1/2 percent.
Veterans will now be subject to four annual random drug tests, an increase from current rules calling for them to be tested only once at the start of training camp, and players with less than two years in the league will be subject to being sent to the minor league NBDL.
Among the main items the players received were a reduction from 10 percent to 8 percent in the so-called escrow tax under which a portion of player salaries are withheld if the amount of leaguewide revenues devoted to salaries exceeds a specified percentage.
The salary cap will be raised from 48.04 percent of revenues to 51 percent, increasing the amount of money each team can spend on player salaries, and players will receive a guaranteed 57 percent of revenues.
The NBA has a system known as a ``soft'' salary cap, allowing teams to exceed the cap threshold to retain their own free agents, and to sign free agents under the so-called midlevel exception that was added to the labor agreement in 1999 after the sides went through a 7 1/2 -month lockout.
Another lockout could have begun July 1.
``We decided it was time to back away from the abyss and see if we could get a deal,'' Hunter said. The agreement will still need to be ratified by the league's Board of Governors and by the members of the players' union at their annual meeting in Las Vegas next week.
http://sports.yahoo.com/nba/news?slug=ap-nbalabor&prov=ap&type=lgns
NBA, union agree on terms of new collective bargaining agreementBy CHRIS SHERIDAN, AP Basketball Writer
June 21, 2005
SAN ANTONIO (AP) -- A minimum age of 19 to be eligible to play in the NBA was part of a new six-year collective bargaining tentatively agreed to Tuesday by owners and players, averting the possibility of a lockout. Commissioner David Stern and union director Billy Hunter flew to the NBA Finals from New York and announced the agreement prior to Game 6 between San Antonio and Detroit. The deal came on the fourth consecutive day of talks between the sides to replace the seven-year agreement that expires June 30. ``We're gratified that we were able to avoid a work stoppage,'' Stern said. ``This agreement creates a strong partnership with our players, which is essential for us.''
The sides reached agreement on several key issues that had held up a settlement since serious talks began in late February. Among them were a one-year increase to 19 in the minimum age for draft eligibility, a reduction in the maximum length of long-term contracts from seven years to six, and reductions in the size of annual salary increases in those long-term contracts from a maximum of 12 1/2 percent to 10 1/2 percent.
Veterans will now be subject to four annual random drug tests, an increase from current rules calling for them to be tested only once at the start of training camp, and players with less than two years in the league will be subject to being sent to the minor league NBDL.
Among the main items the players received were a reduction from 10 percent to 8 percent in the so-called escrow tax under which a portion of player salaries are withheld if the amount of leaguewide revenues devoted to salaries exceeds a specified percentage.
The salary cap will be raised from 48.04 percent of revenues to 51 percent, increasing the amount of money each team can spend on player salaries, and players will receive a guaranteed 57 percent of revenues.
The NBA has a system known as a ``soft'' salary cap, allowing teams to exceed the cap threshold to retain their own free agents, and to sign free agents under the so-called midlevel exception that was added to the labor agreement in 1999 after the sides went through a 7 1/2 -month lockout.
Another lockout could have begun July 1.
``We decided it was time to back away from the abyss and see if we could get a deal,'' Hunter said. The agreement will still need to be ratified by the league's Board of Governors and by the members of the players' union at their annual meeting in Las Vegas next week.
http://sports.yahoo.com/nba/news?slug=ap-nbalabor&prov=ap&type=lgns
Last edited:
PixelPusher
Starter
this comes as a pleasant suprise, I was expecting a lockout for most of the summer, with a deal reached 2 or 3 week before the season started.
Bricklayer
Don't Make Me Use The Bat
piksi said:I am wondering how is he going to be able to feed his family ?
Better not have any more kids.
loopymitch
All-Star
piksi said:I am wondering how is he going to be able to feed his family ?
with that kind of money i could feed everybody's family. Guess they'll be eating sirloin instead of filet mignon.
Those poor kids are so deprived.Similar threads
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