Despite Silver`s sinister comment and the fact that many players supposedly prefer a departure on January 18th, I certainly wouldn`t rule out an opening night on December 22nd. The NBA estimates that delaying the start of the 2020/21 season to mid-January could cost the league $500 billion to $1 billion in revenue next season and beyond. The lost revenue is bad news for the players as well as for the league, so the NBPA has a lot of incentive to know how to get started earlier. November 10 (UPI) — NBA owners have unanimously approved an amended agreement on the collective bargaining agreement, paving the way for the league`s 72-game season beginning next month. December 21 will be the last day for players to sign super max and rookie extensions, Marks tweeted. This delay is particularly important in Milwaukee, where the Bucks hope to reach a long-term agreement with Giannis Antetokounmpo. The salary cap will be guaranteed by the rest of the collective agreement of at least 3% per year — and a maximum of 10% –. Late last week, the union voted to provisionally approve the league`s plan to play a 72-game game plan next season starting December 22. At the time, the NBPA Players` Representatives Committee said that some details remained to be negotiated, but they were confident that an agreement would be reached on these remaining issues.
According to the revised schedule, the regular season ends in mid-May, with the playoffs ending in July. This will allow players to participate in next year`s Summer Olympics, which will begin on July 23 and run until August 8. The NBA and NBPA have agreed on a modified CBA, sources say @TimBontemps and me. The free agency will start on November 20 at 6:00 p.m. and the signature will be authorized on November 22 at 12:01 p.m. However, if players insist on starting the season at Martin Luther King Day instead of Christmas, the NBA can only offer a 50-game season, according to Marc Stein of the New York Times (Twitter link). The league`s December 22 plan would lead to a 72-game season. The result of the NBPA vote does not make the launch date of December 22 official. As the union indicated in a confirmation statement of the news, further financial and logistical details have yet to be negotiated. However, both parties are confident that agreement on these issues will be possible. In the following years of the collective agreement, the salary cap and tax level are increased by at least 3% over the pre-season and by a maximum of 10%. Players can be traded between teams in exchange for other players, draft picks and/or a limited amount of cash.
Coaches can only be traded for draft picks or cash. Trades should not depend on the completion of other trades.  The salary cap will be set at $109.1 million, and the luxury tax will be $132.6 million – the same figures as in the 2019/20 season, before the league`s finances suffered a drastic blow as a result of the continuation of the COVID-19 pandemic. Teams had been expecting the two figures to remain the same for some time next season, as it was better for teams and players to avoid a massive pay cap cut for next season, as revenues unexpectedly decline. The vote by the players` union members will show how many prefer a 72-game season that starts on December 22, or a season of maybe 58 or 60 games. The salary cap between the 1999 and 2005 CBA versions has not changed much. In exchange for approving the controversial minimum age of players, players received a slightly higher percentage of the league`s revenue during the new convention. In addition, the league`s maximum score decreased slightly from the 1999 CBA.