The NBA and NBPA have announced a new 7-year collective bargaining agreement with a mutual opt-out after the sixth year. The two parties extended the deadline for the agreement after it seemed clear that they would reach an accord, and it was announced late on Friday night. There are many proposed changes, but one of the most prominent ones is the concrete announcement of an in-season tournament.
Adrian Wojnarowski shared the details of the in-season tournament in his article for ESPN: “The in-season tournament could arrive as soon as the 2023-24 season. The event will include pool-play games baked into the regular-season schedule starting in November — with eight teams advancing to a single-elimination tournament in December. The Final Four will be held at a neutral site, with Las Vegas prominent in the discussion.”
What’s more, he went on to reveal that the prize money for the event would be $500,000 per player, a significant incentive for many. The way this will work is that the finalists in the tournament will play 83 regular season games, which is not all that much, and it will provide them with a chance for a different kind of glory.
Deal includes In-Season Tournament, 65-game minimum for postseason awards, new limitations on highest spending teams and expanded opportunities for trades and free agency for mid and smaller team payrolls, sources tell ESPN. https://t.co/B8GJWeF4cq
— Adrian Wojnarowski (@wojespn) April 1, 2023
The in-season tournament promises to be an exciting addition to the NBA schedule, it will add more importance to regular season games. It will also give players a chance to pick up silverware and create their legacies even if they can’t reach the actual NBA championship for whatever reason. NBA fans will get more high-stakes games, Las Vegas is a fun place for something like this to be hosted, and the single-elimination format will lead to a lot more epic clutch games.
The NBA Is Trying To Curtail The Spending Power Of High-Spending Teams As Part Of New CBA
Teams like the Golden State Warriors and the Los Angeles Clippers have high payrolls, the likes of which many small-market teams can’t compete with. To curb this, the NBA has introduced a second luxury tax apron, breaching which will cause teams to lose access to the taxpayer mid-level exception. The league has also agreed to increase the upper limits on contract extensions from 120% to 140%, with the new change being explained using Jaylen Brown’s situation.
“Under the current rules, Brown would be allowed to sign a four-year extension worth $165 million. With the extension, rules increased to 140%, however, Brown — who is set to earn $31.8 million in the 2023-24 season, the final year of his current contract — would be able to reach his four-year maximum of $189 million.”
There are a lot of things that will change within the NBA thanks to the implementation of the new CBA, it’s going to be an exciting next few years. And having gotten this out of the way, players and the league can both focus back on basketball, with an exciting postseason just around the corner.
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