11:59 PM ET
Close Senior NBA Insider Host of The Woj Pod Joined ESPN in 2017
The NBA and players’ union have reached an agreement in principle on the start of the 2020-21 season, as well as an amended collective bargaining agreement, the two sides announced Monday night.
The deal calls for free agency to begin at 6 p.m. ET on Friday, Nov. 20, two days after next week’s NBA draft.
As was agreed to last week, the regular season will begin Dec. 22, and the schedule will be 72 games.
The salary cap is going to be set at $109.1 million, and the luxury tax will be $132.6 million — the same numbers they were during the 2019-20 season, before the league’s finances took a drastic hit as a result of the ongoing COVID-19 pandemic. Teams had been expecting both numbers to remain the same next season for some time now, as it was better for both the teams and the players to avoid a massive drop in the salary cap for next season because of the unplanned drop in revenue.
The salary cap