The final puzzle piece for the start of the 2020-21 season appears to have fallen into place as the NBA and the NBPA (Nation Basketball Players Association) agreed to an amended CBA (collective bargaining agreement) on Monday.
Adrian Wojnarowski delivered the news on the agreement between the two sides.
The NBA and NBPA have reached agreement on an amended CBA, sources tell @TimBontemps and me. Free agency begins at 6 PM on Nov. 20, with signings allowed at 12:01 PM on Nov. 22.— Adrian Wojnarowski (@wojespn) November 10, 2020
In addition to the offseason timeline details, The Athletic’s Shams Charania revealed the salary cap figures for the upcoming season.
Sources: NBA free agency will start on Nov. 20 at 6 p.m. ET, signings start on Nov. 22 at 12:01 p.m. ET.— Shams Charania (@ShamsCharania) November 10, 2020
For the 2020-21 season, the NBA’s salary cap will be $109.140 million and the tax level will be $132.627 million.
In regards to player salaries, ESPN’s Tim Bontemps revealed that escrow from player earnings will be smoothed out over a longer period if necessary.
The two sides have agreed to keep the typical 10 percent escrow from player salaries, with any further reductions being spread out across that season and the following two seasons. No single season will ever have a greater reduction than 20 percent, sources said.— Tim Bontemps (@TimBontemps) November 10, 2020