There's a new deal on the table. Finally. Question is, what's it look like?
Because it's not a new Collective Bargaining Agreement yet and actually a "settlement," nobody's really leaking out all that much. There are a few things that have wiggled out though.
Here's what we know so far:
- According to reports, the players will be getting their 49 to 51 percent Basketball Related Income "band," but in this proposal, they have a much more realistic shot at reaching the 51 percent.
- According to Ken Berger of CBSSports.com, "a person familiar with the agreement said the owners' greatest compromises were in the areas of restricted free agency and the middle class."
- According to Sheridan Hoops, the owners dropped their new "Carmelo Rule," which would've put an end to extend and trades. Owners wanted to try and end the drama we saw last season with Carmelo Anthony and nip that in the bud with Chris Paul, Deron Williams and Dwight Howard. Players got their way though.
- According to NBA.com, the full mid-level exception will be five years for up to $5 million. Non-taxpaying teams above the salary cap will be able to use it. Previously, owners were pushing for alternating three and four-year maximums on the MLE.
- According to Jeff Goodman of CBSSports.com, the age minimum will be decided upon sometime Saturday.
- According to NBA.com, there apparently will be a “mini” mid-level exception for taxpaying teams for $2.5 million, restricting the amount they can offer to free agents.
- According to NBA.com, a 10 percent maximum escrow tax will be withheld without the unlimited “true up” amount requested by the owners in the last offer.
- According to Sheridan Hoops, the entire rookie salary scale and veteran minimum salaries will stay the same as they were last season. Owners had been seeking 12 percent cuts previously.
- According to Sheridan Hoops, qualifying offers to restricted free agents will become “significantly” improved. Already the sides had agreed the allotted time for a team to match an offer from seven days to three.
- According to Sheridan Hoops, "the prohibition on luxury tax-paying teams from executing sign-and-trade deals was loosened, although the freedom to execute those types of deals will still be limited."
- Interesting nugget: According to multiple reports, both sides will have the option to opt out of the 10-year deal after six years.
- As previously known, the deal includes the amnesty clause, which will allow teams to cut one player and not have his salary count against their cap number.