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[1] In addition to the luxury tax, teams also must pay surcharges for exceeding certain thresholds starting with the 2016 CBA. The primary goal of the CBT is to encourage a competitive balance amongst teams while allowing big spending on players. The CBT threshold/tax rates have undergone several changes since 1997. [2]
For example, a team that is $8 million over the tax threshold will pay $1.50 for each of its first $5 million over the tax threshold, and $1.75 per dollar for the remaining $3 million. Starting in 2014–15, "repeat offenders", subject to additional penalties, are defined as teams that paid tax in previous seasons.
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.
The base salary cap will increase annually for the life of the new CBA with the ceiling topping out at $5.1 million for the 2030 season, the final year of this deal. NWSL base salary caps through ...
The new CBA will run through the 2029-30 season unless either side opts out after the 2028-29 season. The agreement means the league will avoid a work stoppage, which was always an unlikely situation.
The second apron is a new, additional threshold, slated as roughly $11 million ($190 million total) above the first apron for the 2024-25 league season. It will handicap team decision-makers more ...
The settlement provided for payment of almost $200 million in damages, and was contingent upon the NFLPA re-forming as a union and signing a new CBA which would incorporate the terms of the litigation settlement. [11] [12] A seven-year CBA was signed in the spring of 1993, making it the first agreement of its kind since 1987.
The cash option in the US can be 40–60% of the advertised annuity amount. Specific payouts for any single draw deviate from the expected payout advertised before a draw, and depends especially on if the jackpot is hit. Typically jackpot amounts that are not hit or paid out are then rolled over to the next draw.