2011 NBA lockout. Kevin Chu. Background. The previous Collective Bargaining Agreement signed on July 2005 was set to expire on July 2011. Did not want a repeat of the 1998-99 lockout. Negotiations on a new CBA began in early 2011.
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The Owners original AW without adding in the luxury tax add up to 45 while the Player’s AW add up to 50. So the Owners get a harsher luxury tax and it becomes 65-50. We will say the fluid item is the BRI, rather than the luxury tax.
Ex. The players wanted the keep the $5 million mid-level exception, but the MLE in the new contract varied between $3 to $5 million depending on the current team salary.