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April 1, 2023 | 3:02 am EDT Update
NBA will implement a second salary cap apron for highest-spending teams
The NBA is curbing the ability of the highest-spending teams, such as the Golden State Warriors and the LA Clippers, to continue running up salary and luxury tax spending while still maintaining mechanisms to add talent to the roster. The NBA is implementing a second salary cap apron — $17.5 million over the tax line — and those teams will no longer have access to the taxpayer mid-level in free agency. Those changes will be eased into the salary cap over a period of years. Under these changes, Golden State’s Donte DiVincenzo, Milwaukee’s Joe Ingles, Boston’s Danilo Gallinari and former Clippers guard John Wall wouldn’t have been able to sign with those teams last summer.
The NBA and NBPA have agreed to increase the upper limits on extensions from a 120% increase on a current deal to 140%, which could have a significant impact on the futures of stars like Celtics forward Jaylen Brown. Under the current rules, Brown would be allowed to sign a four-year extension worth $165 million. With the extension rules increased to 140%, however, Brown — who is set to earn $31.8 million in the 2023-24 season, the final year of his current contract — would be able to reach his four-year maximum of $189 million, according to ESPN’s Bobby Marks.
The in-season tournament will arrive beginning in the 2023-24 season. The event will include pool-play games baked into the regular-season schedule starting in November — with eight teams advancing to a single-elimination tournament in December. The Final Four will be held at a neutral site, with Las Vegas prominent in the discussion, sources said. Each in-season tournament game would count toward regular-season standings; the two finalists would ultimately play 83 regular-season games. Winning players and coaches will earn additional prize money.
There is an increase in two-way contract slots, jumping from two to three per team. Two-way contracts were created in the 2017 collective bargaining agreement as a vehicle for teams to develop younger players. It has been seen as a success, as it’s become a route to players earning long-term homes in the league, and in several cases becoming major contributors.
April 1, 2023 | 2:51 am EDT Update
League, players agree to a new seven-year CBA
Adrian Wojnarowski: BREAKING: The NBA and NBPA have agreed on a new seven-year collective bargaining agreement, clearing the way for labor peace through this decade, sources tell ESPN. Deal includes a mutual opt-out after sixth year.
Shams Charania: Labor peace: The NBA and National Basketball Players Association have reached a new Collective Bargaining Agreement, per source.
New CBA deal includes mid-season tournament, starting with the 2023-24 season
Adrian Wojnarowski: Deal includes In-Season Tournament, 65-game minimum for postseason awards, new limitations on highest spending teams and expanded opportunities for trades and free agency for mid and smaller team payrolls, sources tell ESPN.