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Details of the NBA's latest proposal
Link
nytimes.com
* no extend-and-trade * no sign-and-trade for teams that are paying luxury tax * less lucrative Bird rights * no player options for max deals * 4-year contract length (5 for Bird deals) * 3-/4-year midlevel exception * one contract amnesty per team * "stretch" multi-year expensing for contracts of cut players * etc. http://www.nytimes.com/2011/11/14/sports/basketball/what-nba-could-be-like-under-a-new-labor-deal.html?hp

