The leadership of the National Basketball Association (NBA) and the NBA Players’ Association have reached a formal agreement on amendments to the collective bargaining agreement.
Last week, the two sides agreed that the new season would start on December 22 and that each team would play 72 games during the regular season.
Following the talks this week, it was agreed that the transfer window for free agents would be open on November 20th and that players would have the right to sign their new contracts from November 22nd.
In addition, the NBA and NBPA agreed that the salary ceiling and luxury tax will remain the same as the previous season, respectively 109.1 million dollars and 132.7 million dollars.
For the coming years, the levels of the ceiling and the fee will be raised by a minimum of 3 and a maximum of 10 percent.
For teams that have crossed the threshold of the luxury fee, there will be tax relief. As of now, these are the teams of the Golden State Warriors, the Boston Celtics, the Brooklyn Nets, the Philadelphia 76ers, and probably the Milwaukee Bucks.
NBA Draft will take place on November 18, and between a day or three earlier the teams will have the right to exchange players and spades, and this will be agreed upon in the coming hours.