The NBA and its players reached a tentative agreement early Saturday morning to essentially end the 149 day lockout. The sides will now have to ratify the deal with their members, but that process will likely go smoothly. After waiting for months, a new deal has been agreed upon and here at the details.
Courtesy of Adrian Wojnarowski:
This issue was a major sticking point in these talks, as owners wanted shorter contract lengths and of course less money offered to players.
The mid-level exception also played a large role in the duration of the lockout. This issue caused many talks to die down, but a common ground was finally reached. The Lakers will have to face a $3 million mid-level since they are usually always over the salary cap. Still, a small price to pay to end the lockout.
As for the “elephant in the room” the BRI, the players will receive a 49-51 band. They will start off at 50%, and if the league sees profit, the BRI will go to 51%, and if the league sees a loss of revenue, the players will get 49%.
This current CBA will last for 10 years, and if the sides don’t feel like this deal is working out for them, there will be a sixth-year opt-out available.