. This is the fifth time that both sides have agreed to postpone the deadline and give each other more time for discussion.The NBA and NBPA are extending today’s deadline to Monday for either side to serve notice on terminating the collective bargaining agreement, sources tell @TheAthleticNBA @Stadium. Sides will continue working to finalize CBA issues.
— Shams Charania (@ShamsCharania) November 7, 2020
In one
Last week the NBPA wrote: “The NBPA is actively engaged in discussions with our players to reach agreements with our league and our team partners to address these important and complex issues. Each of us has an interest in doing what we do. “Fair, what is best for our business and what respects the rights and interests of all stakeholders. We are confident that we will get there. ”NBPA statement to @TheAthleticNBA @Stadium on collective bargaining agreement talks with the NBA, which are now extended to Nov. 6 deadline for opt-out: “We are confident we will get there.” pic.twitter.com/WougIryk8V
— Shams Charania (@ShamsCharania) October 31, 2020
Earlier this week, the two teams resolved their biggest problem by reaching tentative agreement on starting the 2020-21 season on December 22nd. The players didn’t like the league’s 72-game pre-Christmas proposition due to the quickness of a turn it would be from last season at first, but they eventually gave in, in large part due to financial concerns.
The topics of conversation and the level of luxury taxes were also important topics of conversation from an economic point of view. Currently, both are expected to remain unchanged – that is, last season’s numbers of $ 109.14 million for the cap and $ 132.63 million for the tax threshold are simply carried over. In addition, there is also a fiduciary situation to be determined.
The deed is the amount of money that will be withheld from players in the event the league does not meet revenue forecasts. They usually get the money back, but it’s unlikely to happen this season due to lost revenue from the closure and the inability to have fans in arenas. While the agents originally “braced themselves for the possibility that up to 40 percent of the deed would be withheld by players,” according to a report by ESPN last month, more than 18 percent is currently being discussed.
In addition, the league and the players must agree on the offseason process, which will be extremely shortened. The free agency is expected to start as soon as possible after the draft on November 18, so players who sign with new teams can attend training camps sometime early December in time.
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