The salary cap will increase by at least 3% per year – and a maximum of 10% – by the rest of the collective agreement. An agreement on the 2020/21 NBA season has been reached. Teams will likely not receive formal figures from the league until the end of the week, after a final deal has been officially reached. The league`s current moratorium on transactions is expected to be lifted early next week, just before the NBA draft takes place on Nov. 18. In 2005, players received 57% of the revenue, and from the new CBA they receive about 49-51% of the turnover. [2] At the time, the next discussion on the CBA was set at ten years. or, if necessary, in 2017. [3] In 2016, the NBA and the NBA Players Association met to work on a new CBA approved by both parties in December of the same year. This latest agreement started with the 2017/18 season and runs until 2023/24, with a mutual opt-out after 2022/23 [4] [5] The result of the NBPA vote does not make official the december 22 start date. As the union hinted in a statement confirming the news, additional financial and logistical details have yet to be negotiated. However, both sides are confident that agreements can be reached on these issues. The NBA and the players` union have reached an agreement in principle on the start of the 2020/21 season as well as an amended collective agreement, the two sides said Monday night.
The NBA Collective Bargaining Agreement (CBA) is a contract between the National Basketball Association (the commissioner and the 30 team owners) and the National Basketball Players Association, the players` union, which imposes, among other things, rules relating to player contracts, trades, sales allocation, NBA draft, and salary cap. . . .