It seems that the negotiations with the NBA Players Association are going smoothly, according to the commissioner of NBA Adam Silver. They are also looking forward to seeing the progress as the cooperation showed how both parties have the desire to move on forward.
The 2011 CBA of Collective Bargaining Agreement of the league holds mutual clauses for opting out in both players and owners, and its deadline is on the 15th of December. It neither parties opt out, the deal that they agreed upon will remain in force in seasons from 2020 to 2021.
Even though Silver is not going to specify the timetable for their negotiations, they still are still hoping that the CBA’s revision can reach an agreement before the date in mid-December comes.
If either side choose to opt out and there is no new arrangement set in place, the CBA they have at the moment will expire on the 30th of June. And this will follow with the lockout. The lockout will only last until the new deal is set out.
With the historical salary cap of the league jumping to $24.1 million, which is due to the lucrative new television deal of NBA, both players and owners get the incentive to avoid putting a halt to the play.
Michelle Roberts, the Executive Director of NBPA and Adam Silver, suggests that a new deal may be coming in soon, which they anticipate with optimism in the next two months.
If the Players Association and the NBA can settle a deal in the mid-date of December, teams will get the advantage of getting familiar with the landscape of finance in this whole new deal as it approaches the deadline for the trade and the draft for 2017.
Since there is no resolution, teams will be forced to operate without any knowledge of it. An early decision is the best case for this one, which is guaranteed the 82 game for the season on 2017 to 2018 sans lockout.
While the negotiation details are being hidden from the public and are limited to the two parties, the public is speculating on what the new CBA will look like, including the issues that they are going to address.
One of them might be the revenue split. This will maintain to be a big one and a battle on how much of the slice will go to the owners and the amount that go to the players. In fact, this is the main piece of the negotiation that will be dealt in the agreement. Back in 2011, the players made a consensus on accepting the decrease of the band from 57 to between 49 to 51 percent. The formula for this is quite complex, but for the season 2015 to 2016, the players were supposed to share 50.83 percent of the $2.7 or $5.3 billion. This number will slowly climb in the seasons 2016 and 2017, and this will come with television money, too.