All new 72 game NBA season to start from December 22nd 2020

It is certainly evident that this COVID-19 has impacted the sports fraternity to a great extent including the most famous game of Basketball which is popular in America and Canada. However there is good news for all Basketball fans as NBA and National Basketball Players Association(NBPA) have reached an agreement on the start of 2020-21 season. The agreement is all about restarting the season from December 22nd 2020 where every team will be playing 72 games each keeping all the safety and security protocols in mind.

The agreement is made based on the vote from League board of Governors and the match, as well as broadcast schedules, will be released at a future date.

“A new system will be used to ensure the parties’ agreed-upon split of basketball-related income (BRI). In the event player compensation were to exceed the players’ designated share in any season, necessary salary reductions beyond the standard 10 per cent escrow would be spread across that season and potentially the following two seasons, subject to a maximum salary reduction in any season of 20 per cent,” NBA stated in a media release.

“For the 2020-21 season, the salary cap will be $109.140 million and the tax level will be $132.627 million. In subsequent seasons of the CBA, the salary cap and tax level will increase by a minimum of three per cent and a maximum of 10 per cent over the prior season. Teams’ tax payments will be reduced in proportion to any BRI decreases,” it added.

NBA is an American men’s professional basketball league where 30 teams participate and regarded as one of the major sports leagues across United States and Canada. It was founded in New York on June 6th 1946 as the Basketball Association of America( BAA) and later it was changed to National Basketball Association on August 3rd 1949. The NBA’s regular season runs from October to April, with each team playing 82 games. NBA is also an active member of USA Basketball and recognized by FIBA( International Basketball Federation). It is also the third wealthiest professional sports league after National Football League( NFL) and Major League Baseball(MLB) in terms of revenue.