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Sports Start date for free agency, salary cap established for 2020-21 NBA season

08:25  10 november  2020
08:25  10 november  2020 Source:   usatoday.com

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NBA free agency will begin on Nov. 20 at 6 p.m ET and signings will begin taking place on Nov. 22 (noon ET), giving all 30 teams just over a month to finalize their roster before the season opener on Dec. 22. The free agency period will begin two days after the NBA draft.

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Beyond agreeing to those proposed dates on Monday night, the NBA and National Basketball Players Association agreed that salary reductions will be spread across this upcoming season and potentially the following two years to account for the $1.5 billion the league lost in 2020 due to the coronavirus pandemic.

The maximum salary reduction in any season will be at 20%. The $1.5 billion reduction in revenue stems from losses in gate revenue ($800 million), sponsorships ($400 million) and the fallout with China after former Houston Rockets general manager Daryl Morey tweeted support for the Hong Kong protestors during the preseason ($200 million).

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  NFL trade deadline: What moves should all 32 teams make? The NFL trade deadline marks a final window to bring on impact players, shed salaries or stock up on picks. But what should each team do?► COVID-19: If you're looking to get a difference-maker into your building, it makes sense to pull the trigger on a deal well before Nov. 3. New players must undergo virus protocols while onboarding to a new team and likely wouldn't be eligible to play in Week 9 if moved on deadline day. The Ravens wisely snatched DE Yannick Ngakoue during their bye week. Similarly, by signing Antonio Brown well before his eight-game suspension ends, the Bucs could have him in uniform Nov. 8.

Because of the depleted revenue, the NBA finalized the 2020-21 season’s salary cap at $109.140 million and the luxury tax threshold at $132.627 million. The NBA added in a statement that both the salary cap and tax level will increase in subsequent seasons by at least 3% and at most 10% from the previous seasons. It added that teams’ tax payments will be reduced in proportion to any decrease in basketball-related income (BRI).

a close up of a game board on a table: NBA free agency is set to begin two days after the draft. © Kim Klement, USA TODAY Sports NBA free agency is set to begin two days after the draft.

Before the NBA suspended the season in March because of COVID-19, USA TODAY Sports reported that the cap projection would be at $115 million and the luxury tax threshold would be at $139 million.

Follow USA TODAY NBA writer Mark Medina on Twitter, Facebook and Instagram.

This article originally appeared on USA TODAY: Start date for free agency, salary cap established for 2020-21 NBA season

How the NHL could make its offseason more exciting like the NBA's .
To put it bluntly, the NHL offseason is like watching paint dry compared to the NBA. A typical NBA offseason is filled with ample drama, intrigue, unpredictability, and trades involving multiple star players. The NHL rarely has any of those. For instance, James Harden reportedly just turned down a $50 million per year offer from the Houston Rockets because he wants his team to trade him to the Brooklyn Nets. The NHL equivalent would hypothetically be someone like Jack Eichel demanding a trade to a loaded squad like the Boston Bruins or Tampa Bay Lightning. That would be crazy. A lot more goes into it, of course.

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