Connect with us

Sports

NBA, Players Reach Deal For A New Labor Agreement

Published

on

NBA

The NBA’s most profitable period will continue for at least six more years, thanks to a tentative deal between the league and its players on a new Collective Bargaining deal that will take effect this summer.

It took more than a year of bargaining, with the intensity and expectation increasing in recent days, and the handshake agreement was reached in the early hours of Saturday morning — shortly after the league intended to notify the NBAPA of its intention to opt out of the current CBA on June 30.

Instead, an agreement was reached, at least in theory. “The NBA and the National Basketball Players Association have reached a tentative agreement on a new Collective Bargaining Agreement, which is subject to ratification by players and team governors,” the league said shortly before 3 a.m. Eastern.

Technically, it will be a seven-year agreement, but either party can opt out a year early, meaning labor peace will last only until the 2028-29 season. It will also usher in the age of an in-season tournament, which Commissioner Adam Silver has long desired.

Teams will be issued an 80-game schedule for next season in August unless something changes. Among those 80 games will be four “tournament” games that will score in regular-season standings. All teams will ultimately have two more games added to their schedule to complete the full 82-game slate; the two teams that reach the tournament final will play an 83rd game that will not count in the standings.

NBA

The NBA and the National Basketball Players Association have reached a tentative agreement.

According to a person familiar with the negotiations who spoke to The Associated Press, among other details:

  • Players will generally have to appear in at least 65 games to be eligible for top individual awards such as Most Valuable Player.
  • The maximum value of contract extensions will increase.
  • Teams will now have access to a third two-way contract, potentially increasing roster sizes from 17 to 18.

The individual spoke anonymously because neither the league nor the National Basketball Players Association made any public statements.

Once achieved, a second luxury tax level will prevent teams from using their midlevel exception to sign players, according to the CBA. Given how some teams wanted the so-called “upper spending limit,” which would have essentially installed an absolute ceiling on what can be spent each season and helped balance the playing field between teams willing to pay massive tax bills — such as the reigning NBA champion Golden State Warriors — and those who aren’t, that was a clear compromise.

“Once again, the players fail… “Teams in the middle and lower tiers don’t spend because they don’t want to,” Golden State’s Draymond Green said on Twitter. “They want to fail. To increase their spending power to grow it. They keep removing the center. And this is why we hurried into a deal?”

CJ McCollum, a guard for the New Orleans Pelicans, said he welcomes feedback from all players but added, “You can’t make everyone happy.” That is not feasible.

“You have to be able to do what’s best for the collective,” McCollum said following the Pelicans’ victory over the Los Angeles Clippers on Saturday night. “There are 450 players and 450 different points of view, including mine.”… It comes down to having a happy medium in certain areas.”

NBA

The new CBA will not reinstate the policy that allowed high school players to join the NBA draft.

The new CBA will not reinstate the policy that allowed high school players to join the NBA draft. It’s been discussed and on the agenda for months, but the regulation isn’t going away anytime soon — at least not for the next CBA.

“We also appreciate that there is a lot of benefit to having veterans who can bring those 18-year-olds along,” NBPA executive director Tamika Tremaglio said during an NBPA news conference during All-Star weekend in February. “And so, to be quite honest, anything that we would even consider would have to include a component that would allow veterans to be a part of it as well.”

Silver stated after a Wednesday two-day Board of Governors meeting that he was optimistic about reaching an agreement by the weekend — a clear positive sign. The current CBA, which went into effect on July 1, 2017, included a mutual choice for either the NBA or the NBPA to opt out after six seasons or on June 30, 2018.

The agreement reached on Saturday does not end the process, but it is a significant move forward.

The owners must decide what the negotiators have hammered out, and the players must vote to accept the deal. The document is then written — the most current CBA/NBA was around 600 pages long, with nearly 5,000 paragraphs and 200,000 words. Much of it will be the same, and much of it will need to be revised.

And, even though these talks lasted more than a year, this is the second straight CBA that has been negotiated without the dysfunction that preceded the talks in 2011 — when the league ended up locking out players for 161 days and had to shorten the 2011-12 season from 82 to 66 games.

There was no appetite for a strike, not after the NBA’s revenue surpassed $10 billion for the first time and basketball-related income surpassed $8.9 billion, another milestone. According to Silver, the NBA is on track to sell out more games than ever before this season.

SOURCE – (AP)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

Election News

Max Verstappen Holds Off Lando Norris To Win Emilia Romagna Grand Prix And Extend F1 Lead

Published

on

verstappen
AP News - VOR News Image

IMOLA, ITALY  Max – Verstappen defeated McLaren’s Lando Norris to win the Emilia Romagna Grand Prix on Sunday, extending his Formula One championship lead.

Verstappen began on pole and led Norris from the start but was pushed by the McLaren driver near the end, winning by less than a second.

“I lost grip, especially in the closing 10 to 15 laps. I slid a lot. “I saw Lando closing in,” Verstappen explained. “It’s quite difficult when the tires are no longer working, and you have to run flat out, so I couldn’t afford to make too many mistakes. Thankfully, we didn’t, and we’re overjoyed to have won here today.”

verstappen

AP – VOR News Image

Max Verstappen Holds Off Lando Norris To Win Emilia Romagna Grand Prix And Extend F1 Lead

It was the defending champion’s fifth victory in seven Grand Prix races this year, following Verstappen’s defeat by Norris in Miami two weeks ago.

Norris’ Second Place Sunday demonstrated the McLaren team’s credentials as the closest contender to Verstappen and Red Bull this season. “It hurts me to say it, but one or two more laps, I think I would have had him,” stated Norris. “It would have been beautiful, but just not today.”

Charles Leclerc finished third for Ferrari, the Italian team’s first podium finish in Imola since 2006.

Overtaking is always challenging on the narrow Imola track, and this year, asphalt run-off zones on key corners were replaced with gravel traps, discouraging risk-taking even more.

verstappen

AP – VOR News Image

Max Verstappen Holds Off Lando Norris To Win Emilia Romagna Grand Prix And Extend F1 Lead

Leclerc got in on Norris midway through the race but made a mistake and ran across the grass, costing him time.

Oscar Piastri qualified second for McLaren but was relegated to fifth after a penalty for impeding Kevin Magnussen in a Haas. He got ahead of Sainz during the pit stops and finished fourth, ahead of the Spanish driver.

Lewis Hamilton, a seven-time champion, and his teammate George Russell finished sixth and seventh following a challenging weekend for Mercedes.

Sergio Perez, Verstappen’s Red Bull teammate, began 11th following a mistake in qualifying and finished ninth. His major impact on the race came when he briefly held up Norris and Leclerc following their pit stops, thereby assisting Verstappen.

verstappen

AP – VOR News Image

Max Verstappen Holds Off Lando Norris To Win Emilia Romagna Grand Prix And Extend F1 Lead

Yuki Tsunoda took ninth place for RB, while Lance Stroll finished tenth for Aston Martin.

Verstappen has a 48-point advantage over Leclerc, who has surged ahead of Perez to second place.

SOURCE – (AP)

Continue Reading

Sports

Seize The Gray Win the Preakness 2024, Mystik Dan Finished Second

Published

on

Seize The Gray Win the Preakness 2024

Seize The Gray has won the Preakness 2024. Favorite and Kentucky Derby winner Mystik Dan finished second, halting his pursuit for the first Triple Crown since Justify in 2018, NBC Sports Reports.

Seize the Grey won the Preakness Stakes at Pimlico Race Course in Baltimore, Maryland, on Saturday, defeating Kentucky Derby winner Mystik Dan and six other horses. Seize the Grey led from start to finish, with Kentucky Derby winner Mystik Dan in second place. Catching Freedom placed third.

D. Wayne Lukas, 88, becomes the oldest trainer in history to win a Triple Crown event. It marks his eighth Preakness victory in his career, tying Bob Baffert for second all-time. Lukas has won 15 Triple Crown races in his career.

Jaime Torres made a memorable Triple Crown debut with his triumph in Seize the Grey.

MyRacehorse owns Seize the Grey, and it sells thoroughbred “micro-shares” to the general public. There are 2,570 shareholders in Seize the Grey, representing 42 of the 50 states.

Seize the Grey is the Preakness’ 18th victory from the seventh post since 1909. No other post has resulted in more than 14 winners.

If Seize the Grey competes, his next race will be the 156th Belmont Stakes on June 8 at Saratoga Race Course in Saratoga Springs, New York.

Preakness 2024 Full Race

Continue Reading

Sports

Dallas Stars Eliminate Avalanche 2-1 With Double Overtime Win

Published

on

Dallas Stars Eliminate Avalanche 2-1 With OT Win

The Avalanche’s aspirations of returning to the Stanley Cup were dashed late Friday night when they lost 2-1 in double overtime against the Dallas Stars.

Former Avalanche player Matt Duchene scored the game-winning goal, allowing the Dallas Stars to advance to the Western Conference final.

Duchene, who began his professional career in Denver, grabbed a loose puck in front of the net and blasted it over a sprawled-out Alexandar Georgiev. Duchene raced down the ice and sank to his knees in celebration.

Dallas Stars will play either Edmonton Oilers or the Vancouver Cunucks next. The Dallas Stars are making their second straight trip to the conference finals, having fallen to eventual Stanley Cup champion Vegas last season. The Stars won their sole Stanley Cup championship in 1999.

This was a series in which the road team won five of six games, with the Stars winning all three in Denver. The Avalanche were the best home team throughout the regular season, while the Stars had the best away record.

After winning the Stanley Cup two years earlier, the Avalanche finished the season 50-25-7.

Dallas Stars Avalanche Highlights

Continue Reading

XM Trade Gold

Sign Up to Trade Gold with XM Today

Volunteering at Soi Dog

Download Our App

vornews app

Trending