NBA, Players Union reach deal on amended ABC, with free agency slated for November 20

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The NBA and the players’ union have reached an agreement in principle to start the 2020-21 season, the two sides announced Monday evening.The deal calls for free agency to begin Friday, November 20 at 6 p.m. ET, two days after next week’s NBA Draft.

As agreed last week, the regular season will begin on December 22 and the schedule will be 72 games.

The salary cap will be set at $ 109.1 million, and the luxury tax will be $ 132.6 million – the same numbers as in the 2019-20 season, before the league’s finances were cut. hard hit as a result of the ongoing COVID. 19 pandemic. Teams had expected both numbers to stay the same next season for some time now as it was better for teams and players to avoid a massive drop in the salary cap for next season due to the unexpected drop in income.

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