NBA and players agree to terms on parameters for upcoming season
On Monday, the NBA and the players’ union reached an agreement in principle on an amended collective bargaining agreement ahead of the upcoming 2020-21 season. Both sides agreed to Nov. 20 as the first day of the free agency period, and also agreed to a Dec. 22 start to the regular season.
The two parties also compromised on several financial fronts, including a salary escrow compromise, salary cap increases, and several forms of tax relief. The escrow system does not allow players to temporarily surrender more than 20 percent of their respective salaries withheld at any point in a single season.
In addition to this, any escrow payments of 10 percent or more will be spread out over the active season along with the next two. The league will hold a 72-game regular season with the postseason to follow. The hope is to complete the upcoming season in its entirety before the Olympic Games this summer.
The upcoming 2020 NBA Draft will be held virtually on Wednesday, Nov. 18 on ESPN. After that, free agency and training camp will follow. The free agency period opens two days after the draft while training camp will begin on Tuesday, Dec. 1. For more sports coverage, click here.