The NBA and players’ union have reportedly reached an agreement to proceed with the 2020-21 season. ESPN’s Adrian Wojnarowski and Tim Bontemps say that the two parties made a deal in principle that will see free agency kick off on Nov. 20, which is just two days after the 2020 NBA Draft.
Here are the main takeaways from the amended CBA deal, that could have a positive impact for the Golden State Warriors:
- Free agency starts on Friday, Nov. 20 at 3 p.m. PT
- Opening night will be Dec. 22. Teams will play a 72-game schedule.
- The salary cap will stay flat at $109.1 million and the luxury tax threshold remains at $132.6 million.
- With basketball related revenue expected to plummet due to the pandemic, the new deal calls for a guaranteed minimum of a 3% raise in the salary cap moving forward, with a maximum of 10%, depending on the league’s collective income.
Woj and Bontemps went into detail on how this could help the Dubs’ bottom line:
“For example, if it drops from a projected $8.45 billion to $5.9 billion — a 30% decline — the Golden State Warriors’ projected luxury tax bill would be reduced from $60 million to $42 million.
Another way the luxury tax relief could benefit Golden State is with regard to potentially using its $17.2 million trade exception generated by trading away Andre Iguodala last summer. If the Warriors were to acquire a player for that full amount in a trade, their tax bill would increase to $149 million. A reduction to league wide revenue, however, could slice up to $45 million off of that total number.”
Warriors general manager Bob Myers will be very busy over the next 11 days. Golden State holds the No. 2 pick at the draft and will certainly be players in free agency with their mid-level exception and veterans minimum available.
Everything is moving fast, but we should know how Golden State’s roster is going to look heading into Thanksgiving.