NBA Free Agency

June 26, 2016

July 1st is start of the NBA free agency which will be in full swing due to the new 9 year twenty-four billion dollar tv deal that goes onto effect. Three times the amount of the old $930 million dollar deal. This is the second largest tv deal behind the NFL's $27 billion dollar deal. What makes this so intriguing during the last Collective Bargaining Agreement(CBA) the Boards of Governors and the Players Association agreed on a fifty-fifty split of the $24 billion. Which means a higher salary for all 30 teams. The projected salary cap for the 2016-17 season will be a estimated $94 million. So what does that mean? MORE MONEY, money for the league/owners and most importantly the players will be getting a significantly higher payday. Under the old deal a player like Carmelo Anthony could sign could sign a MAX contract(5 years) for $124 million dollars. Now that same MAX contract cam reach $162 million dollars. Only the players original team can offer the fifth year. With this new found wealth teams could position themselves for superstar talent like Kevin Durant who will become a free agent July 1st. It'll be a lot of moving pieces this summer. Stay tuned to see what your favorite team does this offseason. 

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