NBA And NBA Players Association Reach Tentative Deal And Cannabis Is Now Allowed
By
Posted on
NBA players will no longer be penalized for using marijuana
The NBA and National Basketball Players Association reached a tentative deal on a new Collective Bargaining Agreement, the two sides announced in the early hours of Saturday morning. The deal still needs to be ratified by players and team governors before it can become official. While details have not been announced, here are some highlights of the new seven-year deal, according to sources briefed on the details of the negotiations:
- NBA players will be allowed to invest in NBA and WNBA teams via an NBPA-selected private equity firm.
- Players will also have the ability to promote and/or invest in betting and cannabis companies. They will be allowed to sign non-gambling endorsement deals with sports betting companies.
- NBA players will no longer be penalized for using marijuana under the agreement as it has been removed from the drug testing program.
- Players must play at least 65 games to be eligible for major individual league awards such as MVP and All-NBA recognition.
- Prize money for the championship team of the NBA’s In-Season Tournament, beginning in 2023-24 season, will be $500,000 per player.
- Players attending the NBA Combine will be required to undergo physical exams that will be distributed to select teams based on player projections.
- Veteran extension limits will increase from 120 percent to 140 percent, which will add flexibility and have significant effects quickly. Under the current CBA, teams and players can only increase the player’s salary by 120 percent in the first new year of the extension unless that player qualifies as a designated player/rookie or makes well below the league’s average salary.
- The new CBA will add a second tax apron that, when reached, will eliminate a team’s taxpayer mid-level exception, and give teams a third two-way contract via cap exception. The CBA will also create a new Second-Round Pick Exception that can be used so teams will no longer need to dip into the mid-level exception to sign second-rounders.
NBA and NBPA reach tentative deal on new collective agreement bargaining agreement.
🔗: https://t.co/SZtzwo7Zig pic.twitter.com/67rHk7GMzY
— NBPA (@TheNBPA) April 1, 2023
To Read The Rest Of This Article On The Athletic, Click Here
