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NBA "Inching closer" to ending lockout


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A source who was briefed on talks between the owners and players told CBS Sports on Wednesday that there has been movement toward finalizing a new collective bargaining agreement.

 

"We're inching closer to a deal," said the source.

 

"Two sources -- one on ownership side, one union -- with direct knowledge of latest proposals are encouraged with movement on both sides," Adrian Wojnarowski of Yahoo! Sports later Tweeted.

 

The parties may have made progress during an unannounced Monday bargaining session, and are meeting again Wednesday.

 

On Tuesday, the owners discussed revenue sharing among themselves and Ken Berger reports that observers will be "pleasantly surprised" by the commitment that the big-market owners will make to the small-market teams.

 

http://www.cbssports.com/nba/story/15850631/nba-deal-can-finally-be-done-if-reason-prevails

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15-Hour Talks End Without Deal But Significant Progress Made

 

The NBA and NBPA met for over 15 hours on Wednesday with talks ending after 3:00 AM on Thursday morning.

 

Talks will resume on Thursday at 2:00 PM EST.

 

Billy Hunter said that the two sides focused on system issues and did not discuss a split of basketball-related income. Hunter also said that playing a full 82-game regular season schedule remains a possibility.

 

Hunter said that depending on how talks go on Thursday, they may be able to elaborate on specifics after those meetings.

 

"We can't say that major progress was made, but there was some progress on some system issues," said Derek Fisher.

 

David Stern and Adam Silver sounded even more optimistic about a deal being close during their comments to the media.

 

"There's no question today was a better day than last Thursday," said Silver. "There's no question we made progress on significant issues."

 

Stern also talked about the hope that as many regular season games as possible could be salvaged if an agreement is reached quickly in the coming days.

 

RealGM

Edited by ChosenOne
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powellshaun Shaun Powell

Sign that the lockout might be ending: @SpikeLee clearing his Tuesday, Thursday and Friday nights, starting November.

 

KBergCBS

 

Team execs I've spoken with optimistic for deal by Monday, but cautious. One says gut tells him "this will blow up one more time."

 

STEIN_LINE_HQ Marc Stein

Example of "system" issue where NBA owners/players now agree? Sign-and-trades. WILL be allowed in new deal after fears they'd be outlawed

 

STEIN_LINE_HQ Marc Stein

BUT ... one sign-and-trade wrinkle sides still negotiating is whether teams over luxury tax will be allowed to partake in S-and-T deals

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Still haven't discussed BRI yet.

 

They were going to tonight, but the union couldn't get their economist until tomorrow, so they are going to discuss BRI when they resume talks tomorrow morning at 10:30 EST.

 

It is worth noting that Stern said they aren't going to discuss BRI until they settled all of the system issues. Since they are discussing BRI tomorrow morning, it sounds like they made a lot of progress today when it comes to the system.

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And word is that the NBA is exploring plan to extend the NBA season through late April, meaning that we could still have a 82 game season. I'm still not going to get my hopes up though, gonna take all this with a grain of salt for now.

 

yeah it's hard not to get excited about hearing this but after last week.. it's hard to trust the reports. But hopefully today or tomorrow is the day

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Its like they do this to me every week on purpose. =/

 

WojYahooNBA Adrian Wojnarowski

Union won't accept 50-50 split with many changes of luxury tax/exception system. Players thought NBA would concede a little, get deal. Nope.

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According to the NY Times, here are the details of some of the things that have already been agreed to:

 

Luxury-tax rate: Teams will be charged $1.50 per $1 spent beyond a threshold, replacing the previous dollar-for-dollar tax, according to people who have seen the plan.

 

To further discourage spending, the tax will increase for every $5 million spent beyond the threshold: to $1.75 after $5 million, $2.25 after $10 million and $3 after $15 million.

 

Under this system, the Los Angeles Lakers would have paid $42.5 million in taxes last season, compared with $20 million under the old formula. (The rates could still change based on other tradeoffs.)

 

Contract lengths: Players with “Bird” rights will be eligible for five-year deals, while others will be limited to four. The previous C.B.A. allowed for six-year (Bird) and five-year deals. The 1999 C.B.A. allowed for seven-year (Bird) and six-year deals.

 

Raises: Annual raises will be reduced by several percentage points, possibly as low as 5 percent for Bird players and 3.5 percent for non-Bird players. The prior deal allowed raises as high as 10.5 percent (Bird) and 8 percent.

 

Midlevel exception: It will start at $5 million, a decrease of $800,000. The contract length and annual raises attached to the exception remain under discussion.

 

Amnesty clause: Each team will be permitted to waive one player, with pay — anytime during the life of the C.B.A. — and have his salary be exempt from the cap and the luxury tax. Its use will be limited to players already under contract as of July 1, 2011.

 

Stretch exception:Teams will be permitted to stretch out payments to waived players, spreading out the cap hit, over several seasons. The payment schedule will be set by doubling the years left on the contract and adding one. (Thus a team waiving a player with two years left could pay him over five years.)

 

 

 

Still under discussion:

 

There are a few critical issues still under debate. The N.B.A. wants to further punish tax-paying teams by denying them use of the midlevel exception and sign-and-trade deals, and wants additional penalties for “repeat offenders.” The union opposes those measures.

 

http://www.nytimes.com/2011/10/30/sports/basketball/nba-deal-is-close-but-last-hurdle-is-a-big-one.html?_r=2&src=tp

 

It says the deal is "about 95%" done and there are only a couple of more things to agree to. However, as everybody knows, one of those things that needs to be agreed to is the distribution of BRI, which has basically been the sticking point in every meeting since the lockout.

Edited by The Great BFT
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