Union Given Deadline to Take Deal
NBA commissioner David Stern delivered the Players Association a take-it-or-leave-it offer, threatening the owners’ proposals will become substantially worse if the union doesn’t accept the deal by the close of business Wednesday.
Stern said the league’s latest offer was derived from compromises the mediator proposed in Saturday’s negotiating session and included a revenue split that would range from 49 to 51 percent for the players. Among the other issues in the league’s proposal:
• A “mini” midlevel exception for teams that cross the luxury-tax threshold that would be available every other year and have a starting salary of $2.5 million with a maximum of two years.
• A midlevel exception that would allow teams to give a player a starting salary of $5 million. The maximum contract lengths would alternate from four years to three every other year.
• No sign-and-trades for tax-paying teams.