“…Subject to a variety of approvals and very complex machinations, but we’re optimistic that will all come to pass and that the NBA season will begin Dec. 25.”
David Stern said the magic words that will give NBA fans basketball on Christmas. The league plans a 66 game season beginning on Christmas Day. Maybe all those letters to Santa saying all I want for Christmas is the NBA worked.
While the deal has yet to be approved by the players, at least this time level heads prevailed. It will be viewed by most as a victory for the players’ union’s tactic, but if you look at what little details have been released, it sure appears the owners won a significant victory.
According to TNT’s David Aldridge here are the particulars:
- A shortened 66 game season
- A 49-51 split of BRI in favor of the players
- Full Mid-Level Exception for all non-tax paying teams (four years starting at $5 million)
- 10% maximum on escrow withholdings
- Extend and trade deals modified but maintained.
- A compromise on “Repeater” Tax
- New benefits for players (1% BRI for retired players)
- Match period on restricted free agents reduced from 7 days to 3 days