NBA 2020-21: The NBA 2020-21 season is starting on the 22nd of December. The preseason is starting in a week. After the decision to start the new season pre-Christmas, the NBA will save $500 million in losses.
The salary cap and the luxury tax will remain the same as the 2019-20 season. In future seasons, the cap and tax will increase by a minimum of 3 percent and a maximum of 10 percent.
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For the 2020-21 season, the NBA’s salary cap will be $109.140 million and the luxury tax level will be $132.627 million.
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What does a December start mean for the players?
Players will get a cut of the extra $500 Million in revenue that the league would save by starting the new season in December instead of January.
A 17-to-18 percent escrow of player salaries over the next two years. The withholding amount is expected to be kept down to a normal 10 percent in 2022-23.
The league also has plans to flatten out the losses players faced last season in the upcoming seasons.
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The tentative NBA schedule calendar for the 2020-21 season:
• Dec. 11-19, 2020: Preseason games
• Dec. 22, 2020 – March 4, 2021: First Half of regular season
• March 5-10, 2021: All-Star break
• March 11 – May 16, 2021: Second Half of regular season
• May 18-21, 2021: Play-In Tournament
• May 22 – July 22, 2021: 2021 NBA Playoffs
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