Late on Tuesday night/early Wednesday morning, the NBA announced that the league has reached agreement with the NBPA on an amended CBA.
The two sides agreed to begin the 2020-21 season on Dec. 22, with each team playing a 72-game schedule. Training camp begins on Dec. 1.
Additionally, free agent negotiations can begin on Nov. 20, with signings beginning on Nov. 22.
The salary cap will be $109.140 million, and the luxury tax will be $132.627 million; these are the same numbers as the 2019-20 NBA season.
Here are the official details from the press release:
- The 2020-21 season will begin on Tuesday, December 22;
- The 2020-21 season will feature each team playing a 72-game schedule. The full regular-season and broadcast schedules will be released at a future date;
- A new system will be used to ensure the parties’ agreed-upon split of basketball-related income (BRI). In the event player compensation were to exceed the players’ designated share in any season, necessary salary reductions beyond the standard 10 percent escrow would be spread across that season and potentially the following two seasons, subject to a maximum salary reduction in any season of 20 percent;
- For the 2020-21 season, the Salary Cap will be $109.140 million and the Tax Level will be $132.627 million. In subsequent seasons of the CBA, the Salary Cap and Tax Level will increase by a minimum of three percent and a maximum of 10 percent over the prior season. Teams’ Tax payments will be reduced in proportion to any BRI decreases; and
- Free agent negotiations will begin on November 20 at 6 p.m. (ET), with signings starting at 12:01 p.m. (ET) on November 22.
Details on each team’s schedule and television broadcasts will surely be released in the coming days/weeks, but the league at least has the key dates officially planned out.
