The NBA and its players have voted to ratify a new collective bargaining agreement.
Officials from the NBA and the union spent more than a year negotiating this deal, coming to a tentative agreement in the early-morning hours of April 1. There were two final hurdles to clear — a vote by the NBA’s board of governors, and a vote by the members of the NBPA.
An item that was a top priority for the National Basketball Players Association was additional ability for players to be able to invest alongside team owners in other businesses outside the NBA, something that has been limited in the past. The rules regarding that will become more player-friendly.Article content
Salaries will rise and should continue rising, with projections for the mid-level exception to reach anywhere from $15 million to $18 million as the starting point by the end of the deal — a massive jump from the $10.49 million this season. Top annual salaries for veterans with 10 or more years and commanding max deals could exceed $60 million a year.
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