Play­ers, own­ers, rat­ify new NBA deal

Kuwait Times - - SPORTS -

NBA play­ers and own­ers have rat­i­fied a new col­lec­tive bar­gain­ing agree­ment that prom­ises play­ers a sig­nif­i­cant slice of the bil­lions of dol­lars be­ing gen­er­ated by the league, the NBA said.

“The new Col­lec­tive Bar­gain­ing Agree­ment was rat­i­fied this week by the NBA play­ers and NBA Board of Gover­nors,” the league said in a state­ment. “The new agree­ment will take ef­fect on July 1, 2017 and run through the 2023-24 sea­son. “The par­ties voted based on a term sheet that out­lines the key deal points. Once the NBA and NBPA fin­ish draft­ing and ex­e­cute the com­plete agree­ment, spe­cific de­tails will be re­leased.”

While de­tails have not been of­fi­cially re­leased, US me­dia re­ported when the deal was ten­ta­tively agreed that play­ers will keep be­tween 49 and 51 per­cent of bas­ket­ball re­lated in­come (BRI), and can ex­pect to see $1.5 bil­lion more in player salaries in the first year of the new deal than they saw un­der the 2011 con­tract soon to ex­pire.

With a nine-year, $24 bil­lion tele­vi­sion deal with ESPN and Turner Sports mak­ing for the most pros­per­ous era in the his­tory of the NBA, the par­ties had reached agree­ment on the deal last Wed­nes­day, one day be­fore an opt-out dead­line.

The new deal also con­tains an opt-out clause af­ter the sixth year.

The cor­dial ne­go­ti­a­tions were a far cry from those lead­ing to the last con­tract in 2011, when own­ers locked out play­ers in a work stop­page that lasted more than five months and caused the 2011-12 sea­son to be trimmed to 66 games per team. — AFP

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