When was the last nba cba

In future seasons, the cap and tax will increase by a minimum of 3 percent — and a maximum of 10 percent, sources said. Last week, the league and players tentatively voted to tip-off the season starting on Dec. With limited exceptions, new CBA terms take effect on July 1, The new collective bargaining agreement will have a seven-year term covering the through seasons.

Certain System elements will be adjusted upward to maintain their relative position in the overall player compensation system, as set forth below:. The revised amounts will increase or decrease annually beginning in at the same rate as the Salary Cap. The Rookie Scale will increase or decrease annually beginning in at the same rate as the Salary Cap. Going forward, the Rookie Scale for a season will be issued prior to the start of the Moratorium Period for that season to reflect the increase or decrease in the Salary Cap from the prior season.

The salary increases for existing Rookie Scale contracts will be funded collectively through a league-wide fund. As with the Rookie Scale, there will be a new Minimum Annual Salary Scale issued each season prior to the Moratorium Period for contracts, including multi-year contracts, signed that season.

Veteran extensions other than Designated Veteran Player Extensions as described below will be permitted to cover five total years as follows: four new years if one year remains on the current contract, or three new years if two years remain on the current contract. Under the CBA, veteran extensions may cover four total years. A player whose contract other than a Rookie Scale Contract is a three- or four-year contract will be permitted to enter into a Veteran Extension no sooner than the second anniversary of the signing of the contract.

Under the CBA, a contract covering a term of three or fewer years may not be extended, and a four-year contract may not be extended until the third anniversary of the signing of the contract. The waiting period for extending a 5-year contract will remain unchanged third anniversary of the signing of the contract. The maximum allowable salary in the first year of a Veteran Extension other than a Designated Veteran Player Extension as described below will be increased from Both sides are guaranteed a certain portion of basketball-related income through the collective bargaining agreement, somewhere between percent.

If players make too much, the difference is covered through escrow withholdings, and if players don't make enough, they are paid out the difference. The flaw in this model is that revenue is not necessarily the most valuable financial component to owning an NBA team. Where most owners are truly seeing a windfall is in franchise valuations.

A mere decade ago, the NBA was having so much trouble attracting buyers that the league itself owned the then-New Orleans Hornets for a brief period. But given the supreme value of DVR-proof live entertainment and the league's growing global footprint, franchises have become more valuable than ever. That was the highest price any NBA team had ever fetched. This is an area of financial growth for the NBA that its players have no access to, and that is something that they would like to change.

As Roberts said, players are not currently allowed to own stakes in franchises. In all likelihood, they never will be. Detroit Pistons. Thibs benches N. New York Knicks. The Bulls are bringing fun back to Chicago, one dunk at a time. NBA experts: Which early-season surprises are here to stay? Charlotte Hornets. Fantasy basketball Anthony Edwards is soaring and shooting to new fantasy heights. Atlanta Hawks.