re: NBA cba negotations: Owners asked for $45 million hard cap

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If the hard cap is phased in then existing contracts remain and new deals are done with the new rules in mind

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Hornets247 had a nice breakdown of it, from a Hornets perspective.

Talked about teams having two seasons to get their rosters under the hard cap. Also the possibility of each team having the ability to void ONE contract(Similar to the rule after the late 90s lockout). Owners would still have to pay that player his money, his contract just wouldnt count against the cap.
That doesnt seem like a huge sticking point because guys will still get their money.

Imo, this is what could drag this thing on a LONG TIME:

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This season, a little over 2 billion dollars was spent on players salaries. The league wants to cut that number significantly. What the league has proposed in the new CBA is an immediate reduction in players salaries; slashing them either 15, 20, or 25 percent, depending on what salary bracket they fit into. From what I have heard, salaries under 6 million would be slashed 15%, 6-11 million would be slashed 20%, and anything over 11 million would be slashed 25%.

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NO WAY the players are gonna go for having contacts slashed that they signed fair and square, because the owners realized they fricked up.