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Free agents who qualify for this exception are called "qualifying veteran free agents" or "Bird Free Agents" in the CBA, and this exception falls under the terms of the Veteran Free Agent exception. In essence, the Larry Bird exception allows teams to exceed the salary cap to re-sign their own free agents, at an amount up to the maximum salary ...
The collective bargaining agreement (CBA) of the National Basketball Association (NBA) is a contract between the league (the commissioner and the 30 team owners) and the National Basketball Players Association (NBPA), the players' union, that dictates the rules of player contracts, trades, revenue distribution, the NBA draft, and the salary cap, among other things.
In the National Basketball Association (NBA), a sign-and-trade deal is a type of transaction allowed by the collective bargaining agreement (CBA) where one franchise/team signs an unrestricted free agent or restricted free agent player to a new contract, only to then immediately trade him to another team of the player's choosing.
The Kings paid a hefty price to offload more than $13 million in salary, but the cost-cutting move gives them some financial flexibility heading into free agency. The salary cap for the 2024-25 ...
The string of trade activity throughout the NBA Draft week has already shown how seriously teams are taking the updated CBA’s new salary cap restrictions.
Yet for players who demand a significant salary and are unrestricted free agents, yet want to join competitive teams, those front offices have pretty typically already spent past the salary cap ...
After eleven days of work stoppage, the first collective bargaining agreement (CBA) was reached between the NFL and the NFLPA. [ 2 ] [ 3 ] The agreement set a minimum salary of $9,000 per year for rookie players and $10,000 per year for veteran players.
No team spent more on salary this past summer than the Philadelphia 76ers, who own the NBA's worst record through the season's first month — indirect evidence that the 2024 free-agency class was ...