Sources: Owners Budge on Cap Demand
For the first time in two years of labor talks, NBA owners made a modest push from their rigid stance on implementing a hard salary cap, league sources told Yahoo! Sports.
The owners proposed at Tuesday’s negotiating session an idea similar to the current system that allows teams to pay a luxury tax for going over the cap. Only, now there would be ultra-punitive measures against higher-spending teams. The current system has teams pay a dollar-for-dollar tax for exceeding the cap.
Players Association executive director Billy Hunter has called the hard cap a “blood issue” for the union, and insisted the players would never agree to it.
The owners’ proposal on Tuesday “would still have the affects of a hard cap,” one source with knowledge of the talks said.