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.
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.