The New York Times has obtained a copy of the NBA’s latest proposal. According to Howard Beck, most of the details that were rumored to be inside Stern’s latest proposal on Friday were either overexaggerated or simply false. In fact, after comparing both proposals, Beck wrote in his Sunday column that the league improved their offer “albeit modestly.”
On Friday, sportswriters and columnists sparked rumors of owners expanding their right to send down players and cut their pay. But according to Beck, the D-League is not mentioned in the seven-page proposal.
|Public perception is driving Stern|
Rumors swirled that “Bird” rights (the team’s ability to exceed the salary cap to resign their own players who have been with the team for at least three years) would be threatened, as well as team’s ability to use the mid-level exception (MLE). Again, according to Beck, these rumors proved to unfounded. The league actually increased the annual raise for Bird Rights players. The NBA also increased the level of the MLE for luxury tax paying teams — from $2.5 million every other year in an older proposal, to $3 million every year in the league’s latest offer. (This is still a cut from last year’s $5 million MLE).
Other details in the NBA’s latest offer that have emerged via Beck’s column:
- The 10-year labor deal could be terminated after the sixth year;
- an elimination of the full MLE and sign and trade deals for luxury tax playing teams
- a raise in team’s salary to 90% of team’s salary cap by the 2013-2014 season
- a 12% cut in rookie salary and minimum scale contracts