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October 7, 2014 Updates

And the riches could be spread far and wide, as the salary cap surges from $63 million this season to a projected $84.4 million in 2016-17. Every team in the league could be under the cap in two years (even the spend-happy Nets), creating a cash surplus that—under the NBA's system—must be spent on players. Bleacher Report

The current collective bargaining agreement actually runs through 2021, but either side can opt out in 2017, and the players are almost certain to do so, for obvious reasons: 1. The union made massive financial concessions in 2011, giving up $300 million a year. 2. The new TV deal, as James indicated, removes the NBA's rationale for those concessions. "I think it's a pretty good bet, based on both of those things," that the players will opt out, Michele Roberts, the union's new executive director, told Bleacher Report in a recent interview. She added, "It would be silly for anyone to assume" otherwise. Bleacher Report

Roberts made that prediction before the new TV deal was completed, but both sides have long known that the huge revenue spike was coming and that it would prompt a reassessment of the labor deal. Indeed, Roberts said, "The minute I was told I was selected to be the executive director (in July), I started preparing for the opt-out." Bleacher Report

October 6, 2014 Updates

Marc Stein: Early projections have NBA teams getting a rising range of roughly $70 mil annually to $100 mil annually over the course of the new TV deal. In last two years of current contract, NBA teams on course to receive annual payments in $35 million range from league's national TV deal Twitter @ESPNSteinLine

Ohm Youngmisuk: Carmelo congratulates Adam Silver on new TV deal. Says he never thought about re-signing to a 2-year deal with potential new TV deal Twitter @NotoriousOHM

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