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LATIN, MATRIPEDICABUS, DO YOU SPEAK IT
http://www.espn.com/nba/story/_/id/18280618/nba-players-union-reach-tentative-new-labor-agreement
The NBA and the National Basketball Players Association jointly announced Wednesday night that they have reached a tentative agreement on a new collective bargaining agreement, pending ratification by the league's players and team owners.
The sides have agreed to extend their mutual deadline to opt out of the existing CBA, which was Thursday at 11:59 p.m. ET, to Jan. 13, 2017, in order to give them sufficient time to review terms and hold the separate votes required to ratify the seven-year deal, which contains an opt-out clause for both parties after Year 6.
On Wednesday night, the joint statement from the league and the union stated that specific deal terms would be released at a later date, but sources said a prime feature of the new CBA is a number of measures designed to help teams retain their current stars.
The league's average salary is expected to jump from the $5 million range to nearly $9 million annually in the new CBA, with significant jumps -- approximately 45 percent -- planned for rookie-scale deals, minimum-salary contracts and some free-agent exceptions, including the midlevel exception.
In addition to those planned hikes all over the salary scale, sources said teams will have the ability to offer designated veteran star players contract extensions up to five seasons in length (and in some cases six seasons), greatly enhancing the ability of small-market teams to retain their best players. Starting in July, teams such as the Indiana Pacers and Sacramento Kings will be able to offer lucrative long-term extensions to Paul George and DeMarcus Cousins, respectively. These extensions have been modeled after the NBA's Designated Player Rookie Extension rules.
There will be no amnesty clause in the new CBA, sources say. There have been amnesty clauses in the past two CBAs, allowing teams to waive players and have their salaries removed from the salary cap.
The annual split of basketball-related income, known as BRI, will remain at the current 49 percent to 51 percent, sources said. The same holds for the early-entry age for the NBA draft, which will remain at 19, with the stipulation that American players must also be one year removed from high school to be draft eligible.
Maximum roster size, though, will rise from 15 to 17 players, with the extra slots earmarked for players on "two-way contracts," as seen in the NHL. Those contracts stipulate that a player's salary is based on NBA minimums when the player is "up" and an estimated $75,000 when the player is on assignment in the NBA Development League.