Originally Posted by dland24
I have a question. Now I would like to preface my question by saying that I am not incredibly versed on NBA contracts and salary cap and what not.....
But wasnt the main reason for the lockout (simple version) that owners didnt want to keep giving out these huge contracts and wanted protection from doing so? I know the offseason just started, but what has really changed? The contracts (or potential ones) seem to be no better than prelockout.
Anyone care to explain this to me? Thanks in advance.
Can you be specific about the bad contracts you are talking about? Anyways, here are some relevant differences, curated from the CBA FAQ's appendix (a-new, b-old)
a)The salary cap is based on 44.74% of BRI ($58.044 million in 2011-12)
(b) The salary cap is based on 51% of BRI ($49.5 million in 2005-06)
(a)Maximum salaries are based on 42.14% of Basketball Related Income (BRI)
(b)Maximum salaries are based on 48.04% of Basketball Related Income (BRI)
(a) The luxury tax level is based on 53.51% of BRI.
(b)The luxury tax level is based on 61% of BRI.
(a) The luxury tax is progressive, with the rate increasing for every $5 million the team is above the tax line. Repeater penalty when the team is a taxpayer in three out of four years.
(b) The luxury tax is $1 for every $1 the team is above the tax line.
(a)Free agent cap holds for Larry Bird free agents not coming off rookie scale contracts are 150% or 190% of the player's previous salary.
(b)Free agent cap holds for Larry Bird free agents not coming off rookie scale contracts are 150% or 200% of the player's previous salary.
(a)Free agent cap holds for Larry Bird free agents coming off rookie scale contracts are 200% or 250% of the player's previous salary.
(b)Free agent cap holds for Larry Bird free agents coming off rookie scale contracts are 250% or 300% of the player's previous salary.
(a)Players can receive 7.5% raises in Bird or Early Bird contracts or extensions.
(b)Players can receive 10.5% raises in Bird or Early Bird contracts or extensions.
(a)Contracts for Bird and Early Bird free agents can be up to five years.
(b)Contracts for Bird and Early Bird free agents can be up to six years.
(a) All other free agent contracts can be up to four years.
(b)All other free agent contracts can be up to five years.
The progressive luxury tax will be in full effect in 2013-2014.