Ongoing talks are centering on increased escrow taken from players’ salaries, sources said. The league and union are still awaiting full audits on the Basketball Related Income that accounts for the league’s 51-49 revenue split with players. The NBA and NBPA are working on resetting of the 2020-21 salary-cap and luxury-tax numbers based upon those audits and financial projections for the next year. This allows for teams, agents and players to have more time to prepare for the financial realities of the pandemic’s impact on the league. As the NBA Draft approaches on Nov. 18 — and free agency expected to start soon after — teams are anxious for the league to reach an agreement with the union and deliver them more certainty on the cap and tax bills.
There has been some discussion among owners about starting as soon as Christmas Day to take advantage of that historically prime NBA showcase, sources said. Though numerous teams contacted by ESPN over the last several days weren't sure such a timeline was feasible. Others have been pushing for a start around Martin Luther King Day weekend in mid-January, sources said.
As with so much during the current COVID-19 pandemic, such plans are constantly in flux. That course could ultimately be still followed, but in recent days some governors have pivoted and begun considering the quicker timeline. Others continue to want to hold out for fans to be permitted into more arenas.
The league also continues to discuss tournament and play-in scenarios. The NBA has long-planned to use this upcoming 75th anniversary season to experiment with new revenue-generating formats.
Any agreement between the governors on a course for next season would have to be taken to the National Basketball Players Association for approval. The two sides have met several times since the conclusion of the Finals to discuss the financial and scheduling challenges ahead. Oct. 30 is setting up to be a key date. The NBA and NBPA agreed that day would be the deadline to complete ongoing discussions on modifications to the collective bargaining agreement for the 2020-21 season, a date that requires the league or union to provide 45 days notice if either decides to terminate the CBA -- a scenario that sources continue to believe is a remote possibility.
It would also mark roughly eight weeks until Christmas. Silver has told the union that there would be at least eight weeks between an agreement and the formal starting of next season. Talks between the NBA and union have been productive on making the necessary financial allowances on 2020-2021 salary cap and luxury tax thresholds to account for the massive losses in revenues from the pandemic, sources said.
June 28, 2022 | 3:09 am EDT Update
Jake Fischer on Jalen Brunson: From everything I’ve heard, it really does sound like things have shifted, and he is more more likely than not to become a member of the Knicks as opposed to the Dallas Mavericks.
“Kevin Durant was very loyal to Kyrie Irving through this process… So the expectation right now is that Kevin Durant & Kyrie Irving will move forward for the Nets on this roster this year.” 🗣️ Adrian Wojnarowski
Nets Daily: Woj on KD: “Kevin Durant now has what he wants, which was Kyrie Irving back on the Nets season, so the expectation is that right now, Kevin Durant and Kyrie Irving will move forward … but Kevin Durant hasn’t talked yet. has not expressed that publicly. We’ll wait and see.”
Adrian Wojnarowski: Irving has until Wednesday at 5 PM to file the paperwork on his opt-in. The Nets can still move Irving as an expiring contract, but the opt-in means he’s no longer eligible to get the immediate long-term deal he wanted as part of a sign-and-trade.
Speaking via ESPN, Windhorst said Monday: “Let’s take a look at Miles Bridges. He’s not being offered, from what I’m told, a max contract from the Charlotte Hornets right now. So, he’s going to go out into the market place, starting on Thursday or Friday, and see if he can get that offer from somewhere else.”
The Athletic conducted a poll, asking 16 officials in NBA front offices what they would deem a fair number for Barrett in an extension this summer or fall. Responses ranged from $15 million to $30 million a year. No one advocated for the Knicks to give him the max. Exactly half of the responses were a nice, clean four years, $100 million, making it by far the most common proposal from the polled executives.