From Howard Beck of the New York Times:
“Tentative agreements are already in place on the following major items: Luxury-tax rate: Teams will be charged $1.50 per $1 spent beyond a threshold, replacing the previous dollar-for-dollar tax, according to people who have seen the plan. To further discourage spending, the tax will increase for every $5 million spent beyond the threshold: to $1.75 after $5 million, $2.25 after $10 million and $3 after $15 million. Under this system, the Los Angeles Lakers would have paid $42.5 million in taxes last season, compared with $20 million under the old formula. (The rates could still change based on other tradeoffs.) Contract lengths: Players with “Bird” rights will be eligible for five-year deals, while others will be limited to four. The previous CBA allowed for six-year (Bird) and five-year deals. The 1999 C.B.A. allowed for seven-year (Bird) and six-year deals.
By Adam Zagoria of ZagsBlog
Mark Turgeon’s near-term prospects as the head coach at Maryland — as well as the order of the 2012 NBA Draft — could hang on what the NCAA decides about a 7-foot-1, 225-pound man from the Ukraine.
Olexiy “Alex” Len enrolled at Maryland in August and then made an impressive 10-minute appearance during Maryland’s March Madness Oct. 14.
But at midnight that night, his 45-day window for practicing with the team expired and he is now waiting for the NCAA to rule on his eligibility to play this season for the Terrapins.
“With Alex Len, the NCAA continues to work with the university but no decision has been reached,” NCAA spokesman Chris Radford said Friday by email. “The primary issue relates to his amateurism certification.”