Content deleted Content added
No edit summary |
Rescuing orphaned refs ("2022NBAcap" from rev 1223742646) |
||
Line 10:
Under the 2005 [[NBA collective bargaining agreement|CBA]], salaries were capped at 57 percent of basketball-related income (BRI) and lasted for six years until June 30, 2011.<ref>{{cite news |last=Broussard |first=Chris |author-link=Chris Broussard |date=October 7, 2011 |title=Sources: Meeting before deadline off |url=http://espn.go.com/nba/story/_/id/7072853/meeting-nba-owners-union-scuttled-50-50-split-demand-sources-say |url-status=live |archive-url=https://web.archive.org/web/20111009074250/http://espn.go.com/nba/story/_/id/7072853/meeting-nba-owners-union-scuttled-50-50-split-demand-sources-say |archive-date=October 9, 2011 |work=ESPN}}</ref> The next CBA, which took effect in 2011, set the cap at 51.2 percent of BRI in 2011–12, with a 49-to-51 band in subsequent years.<ref name=stein_11272011>{{cite news |last=Stein |first=Marc |title=Billy Hunter sends players memo on BRI |date=November 27, 2011 |work=ESPN |url=http://espn.go.com/nba/story/_/id/7285446/billy-hunter-tells-players-get-512-percent-bri-2011-12 |archive-url=https://web.archive.org/web/20111130181902/http://espn.go.com/nba/story/_/id/7285446/billy-hunter-tells-players-get-512-percent-bri-2011-12 |archive-date=November 30, 2011 |url-status=live }}</ref><ref name="coon_11282011">{{cite news |last=Coon |first=Larry |author-link=Larry Coon |title=Breaking down changes in new CBA |date=November 28, 2011 |work=ESPN |url=http://espn.go.com/nba/story/_/page/CBA-111128/how-new-nba-deal-compares-last-one |archive-url=https://web.archive.org/web/20111201012559/http://espn.go.com/nba/story/_/page/CBA-111128/how-new-nba-deal-compares-last-one |archive-date=December 1, 2011 |url-status=dead }}</ref>
To ensure the players get their share of the BRI, teams are required to spend 90 percent of the salary cap each year. The salary cap for the [[2022–23 NBA season|2022–23 season]] is $123.655 million (minimum team salary, which is set at 90 percent of the Salary Cap, is $111.290 million).<ref name="2022NBAcap">{{cite web|url=https://www.nba.com/news/nba-salary-cap-for-2022-23-season-set-at-just-over-123-million|title=NBA salary cap for 2022-23 season set at just over $123 million|date=30 June 2022|publisher=NBA|access-date=July 7, 2022}}</ref> The league's newest CBA, which takes effect with the 2023–24 season, requires teams to meet the 90% salary floor at the start of preseason training camp.<ref>{{cite web|url=https://sports.yahoo.com/2023-nba-draft-how-serious-are-teams-taking-the-new-cba-even-the-big-spending-warriors-are-shedding-salary-061459899.html |title=2023 NBA Draft: How serious are teams taking the new CBA? Even the big-spending Warriors are shedding salary |first=Jake |last=Fischer |website=Yahoo Sports |date=June 23, 2023 |access-date=June 28, 2023}}</ref>
In December 2016, the league and the players' union reached a tentative agreement on a new CBA, with both sides ratifying it by the end of that month.<ref>{{cite press release|url=http://www.nba.com/article/2016/12/23/nba-and-nbpa-ratify-new-collective-bargaining-agreement |title=NBA, players ratify new collective bargaining agreement |publisher=National Basketball Association |date=December 23, 2016 |access-date=January 15, 2017}}</ref> This agreement was set to run through the 2023–24 season, with either side able to opt out after the 2022–23 season.<ref name="Windhorst CBA">{{cite web |last=Windhorst |first=Brian |author-link=Brian Windhorst |date=December 20, 2016 |title=Answering your questions about the new collective bargaining agreement |url=https://www.espn.com/nba/story/_/id/18317693 |access-date=December 20, 2016 |work=ESPN}}</ref><ref name="Heat Hoops">{{cite web|url=http://heathoops.com/2016/12/nba-players-association-reach-agreement-on-new-cba/ |title=NBA, Players' Association Reach Agreement on New CBA |publisher=Heat Hoops |date=December 14, 2016 |access-date=December 20, 2016}}</ref> The league and union reached agreement on a new CBA that will take effect in 2023–24.<ref name=Quinn20230403/>
| |||