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CURRENT2005/062006/072007/082008/092009/102010/112011/122012/132013/142014/152015/16

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07/01/0507/01/0607/01/0707/01/0807/01/0907/01/1007/01/1107/01/1207/01/1307/01/147/1/2015

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Salary Cap$58,500,000$49,500,000 [1]$53,135,000 [2]$55,630,000 [2]$58,680,000 [2]$57,700,000 [2]$58,044,000 [3]$58,044,000 [3]$58,044,000$58,500,000$60,150,000

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% of Projected BRI49.50% [4]51.00% [4]51.00% [4]51.00% [4]51.00% [4]51.00% [4]51.15% [4]44.74%44.74%44.74%

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% Change12.83%7.34%4.70%5.48%-1.67%0.60%0.00%0.00%0.79%2.82%

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Salary Cap Error Checker49,396,000.00 [5]53,135,000.0055,630,000.0058,680,000.0057,700,000.00

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Tax Level$71,600,000$61,700,000 [6]$65,420,000 [2]$67,865,000 [2]$71,150,000 [2]$69,920,000 [2]$70,307,000 [7]$70,307,000 [7]$70,307,000$71,600,000$73,773,000

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% of Projected BRI61.00% [8]61.00% [8]61.00% [8]61.00% [8]61.00% [8]61.00% [8]61.00% [8]53.51%53.51%53.51%

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% Change- [9]6.03%3.74%4.84%-1.73%0.55%0.00%0.00%1.84%3.03%

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Tax Level Error Checker61,769,000.00 [10]65,429,000.0067,828,000.0071,150,000.0069,923,000.00

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Tax Apron$74,307,000$75,600,000$77,773,000

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Mid-Level Exception$75,600,000$5,000,000 [2]$5,215,000 [2]$5,356,000 [2]$5,585,000 [2]$5,854,000 [2]$5,765,000 [11]$5,000,000 [11]$5,464,000$4,461,000$2,529,000

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% Change1.98%4.30%2.70%4.28%4.82%-1.52%-13.27%9.28%-18.36%-43.31%

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Mid-Level Exception Error Checker5,000,000.005,333,000.005,376,000.005,603,000.005,853,000.00

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Bi-Annual Exception$1,670,000 [12]$1,750,000 [12]$1,830,000 [12]$1,910,000 [12]$1,990,000 [12]$2,080,000 [12]$2,180,000 [12]

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% Change4.38%4.79%4.57%4.37%4.19%4.52%4.81%- - -

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Max Contracts

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Salary Cap$47,825,000 [13]$49,820,000 [14]$52,165,000 [14]$55,032,000 [14]$54,082,000 [14]$54,405,000 [15]$10,102,000 [15]$54,675,000$53,884,000$56,284,000

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% of Projected BRI48.04% [16]48.04% [16]48.04% [16]48.04% [16]48.04% [16]48.04% [16]48.04% [16]42.14%42.14%42.14%

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48.04% Salary Cap Error Checker47,825,000.0049,820,000.0052,165,000.0055,032,000.0054,082,000.00

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Tenure <= 6 Years25% [17]13,471,000.0012,000,000.00 [18]12,455,000.00 [2]13,041,250.00 [2]13,758,000.00 [2]13,520,500.00 [2]13,603,750.00 [15]12,922,194.0013,668,750.0013,471,000.0014,071,000.00

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7 - 9 Year Tenure30% [17]16,165,200.0014,400,000.00 [18]14,946,000.00 [2]15,649,500.00 [2]16,509,600.00 [2]16,224,600.00 [2]16,324,500.0015,506,632.0016,402,500.0016,165,200.0016,885,200.00

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10+ Year Tenure35% [17]18,859,400.0016,800,000.00 [18]17,437,000.00 [2]18,257,750.00 [2]19,261,200.00 [2]18,928,700.00 [2]19,045,250.0018,091,071.0019,136,250.0018,859,400.0019,699,400.00

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Inputs

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Projected BRI [19]$3,120,159,000 [20]$3,359,798,000 [3]$3,511,824,000 [3]$3,697,298,000 [3]$3,755,691,000 [3]$3,853,312,000 [3]$3,853,312,000$4,308,000,000$4,481,000,000$4,660,000,000

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% Change - 7.68%4.52%5.28%1.58%2.60%0.00% [21]1.00%5.00%-0.15%

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Projected Benefits112,000,000.00119,447,000.00122,130,000.00125,222,000.00139,115,000.00139,600,000.00145,900,000.00175,155,000.00183,000,000.00191,200,000.00

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Projected Benefits112,000,000.00 [22]161,447,000.00 [23]128,577,000.00 [23]132,352,000.00 [23]133,587,000.00 [23]139,600,000.00 [24]145,900,000.00 [24]175,155,000.00183,000,000.00191,200,000.00

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Actual vs. Projected Adjustment0.00 [25](42,000,000.00)(6,447,000.00)(7,130,000.00)5,528,000.000.000.000.000.000.00

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Salary Cap Adjustments0.000.000.000.00(45,287,490.00)(84,269,340.00)(1,516,227,620.00)0.00(94,263,600.80)(89,172,636.20)

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BRI vs. Projected BRI0.00 [26]0.000.000.00(45,287,490.00) [26](84,269,340.00)(51,654,840.00)0.00(94,263,600.80)(89,172,636.20)

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Total Salary and Benefits vs. BRI0.00 [27]0.000.000.000.00 [27]0.00 [27](1,464,572,780.00)0.000.000.00

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Tax Level Adjustments0.0032,843,010.0014,763,220.004,377,360.00(54,167,390.00)(100,792,740.00)(61,783,240.00)41,209,770.00(112,741,289.20)(106,652,386.30)

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BRI vs. Projected BRI0.00 [28]32,843,010.0014,763,220.004,377,360.00(54,167,390.00)(100,792,740.00)(61,783,240.00)41,209,770.00(112,741,289.20)(106,652,386.30)

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48.04% Salary Cap Adjustments0.000.000.000.00(42,659,039.60)(79,378,413.60)(1,402,169,584.80)0.00(88,785,608.80)(83,990,498.20)

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BRI vs. Projected BRI0.00 [29]0.00 [29]0.000.00(42,659,039.60) [29](79,378,413.60)(48,656,833.60)0.00(88,785,608.80)(83,990,498.20)

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Total Salary and Benefits vs. BRI0.00 [30]0.00 [30]0.000.000.000.00(1,353,512,751.20)0.000.000.00

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Non-Expansion Teams29.00 [31]30.0030.0030.0030.0030.0030.0030.0030.0030.00

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Expansion Teams [32]1.000.000.000.000.000.000.000.000.000.00

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Total NBA Teams30.0030.0030.0030.0030.0030.0030.0030.0030.0030.00

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Escrow

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BRI [33]$3,174,000,000 [2]$3,384,000,000 [2]$3,519,000,000 [2]$3,608,499,000 [2]$3,590,457,000 [34]$3,752,028,000 [34]$3,920,869,000 [34]$4,097,308,000$4,281,687,000$4,474,363,000

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% Change4.51%6.62%3.99%2.54%-0.50%4.50%4.50%4.50%4.50%4.50%

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Designated Percentage57.0%57.0%57.0%57.0%57.0%57.0%51.2%51.2%51.2%51.2%

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Designated Percentage of BRI1,809,180,000.001,928,880,000.002,005,830,000.002,056,844,430.002,046,560,490.002,138,655,960.002,005,524,493.502,095,773,042.002,190,082,900.502,288,636,674.50

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Total Salaries1,890,352,400.00 [2]1,971,300,550.00 [2]2,054,270,780.00 [2]2,145,939,000.00 [2]2,119,272,820.00 [35]309,361,500.00 [35]3,940,754,810.31 [35]3,252,627,931.261,837,243,242.640.00

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Total Benefits70,000,000.00 [2]113,000,000.00 [2]115,000,000.00 [2]130,750,000.00 [2]139,115,000.00139,600,000.00145,900,000.00175,155,000.00183,000,000.00191,200,000.00

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Total Salaries and Benefits1,960,352,400.002,084,300,550.002,169,270,780.002,276,689,000.002,258,387,820.00448,961,500.004,086,654,810.313,427,782,931.262,020,243,242.64191,200,000.00

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Total Salaries and Article IV, Section 5(k) Amts.1,890,352,400.00 [36]1,971,300,550.00 [36]2,054,900,000.00 [36]2,155,949,000.00 [37]0.00 [36]309,361,500.00 [36]3,940,754,810.31 [36]3,252,627,931.261,837,243,242.640.00

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Article VII, Section 12 Percentage10.0% [38]9.0% [38]9.0% [38]9.0% [38]9.0% [38]8.0% [38]8.0% [38]8.0%8.0%8.0%

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Escrow Amount189,035,240.00177,417,049.50184,941,000.00194,035,410.000.0024,748,920.00315,260,384.82260,210,234.50146,979,459.410.00

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Overage151,172,400.00155,420,550.00163,440,780.00219,844,570.00211,827,330.00 [39]0.002,081,130,316.811,332,009,889.260.000.00

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Agg. Salaries and Benefits Adj. Amount151,172,400.00155,420,550.00163,440,780.00204,902,010.00203,254,903.80 [40]0.00326,932,384.82274,222,634.500.000.00

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Agg. Compensation Adjustment Amount151,172,400.00 [41]155,420,550.00163,440,780.00194,035,410.000.000.00315,260,384.82260,210,234.500.000.00

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Agg. Comp. Adjustment Amount Shortfall0.00 [42]0.000.0010,866,600.00203,254,903.800.0011,672,000.0014,012,400.000.000.00

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Funds Returned to Players37,862,840.00 [43]21,996,499.50 [43]21,500,220.00 [43]0.000.0024,748,920.000.000.00146,979,459.410.00

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Funds Retained by NBA151,172,400.00 [44]155,420,550.00 [44]163,440,780.00 [44]194,035,410.0010,866,600.00203,254,903.80315,260,384.82271,882,234.5014,012,400.000.00

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Undistributed Funds0.00 [45]20,700,000.00 [45]0.00 [45]0.00 [45]0.00 [46]0.00 [46]0.00 [46]0.000.000.00

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Funds Returned to Teams151,172,400.00134,720,550.00163,440,780.00194,035,410.0010,866,600.00203,254,903.80315,260,384.82271,882,234.5014,012,400.000.00

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Per Team Check5,039,080.00 [47]4,490,685.005,448,026.006,467,847.00362,220.006,775,163.4610,508,679.499,062,741.15467,080.000.00

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Tax Level

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Tax Level$61,700,000$65,420,000$67,865,000$71,150,000$69,920,000$70,307,000$70,307,000$70,307,000$71,600,000$73,773,000

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Total Tax Collected71,642,951.00 [2]55,564,006.00 [2]92,454,198.00 [2]87,352,665.00 [2]140,880,388.20 [48]0.00 [49]0.00 [49]0.008,621,380,767.910.00

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Per Team Check2,388,098.37 [50]1,852,133.533,081,806.602,911,755.504,696,012.940.000.000.00287,379,358.930.00

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Number of Teams Collecting24.00 [50]25.00 [51]22.00 [51]23.00 [51]0.00 [51]30.00 [51]30.00 [51]30.000.0030.00

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Remaining Funds14,328,590.209,260,667.6724,654,452.8020,382,288.50140,880,388.200.000.000.008,621,380,767.910.00

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Undistributed Funds14,328,590.209,260,667.6724,654,452.8020,382,288.50140,880,388.200.000.000.008,621,380,767.910.00

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Funds Returned to Teams0.000.000.000.000.000.000.000.000.000.00

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Per Team Check0.000.000.000.000.000.000.000.000.000.00

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NBA Payment to Players

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Minimum League-Wide Roster$0$0$0$0$298,899,882$309,361,500 [52]$0 [52]$0$0$0

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Salary and Benefits Guarantee0.000.000.000.000.001,689,694,460.000.000.00420,318,347.372,359,186,910.00

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Distributions

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Total Gross Proceeds to Teams $1,350,491,410$1,425,159,332$1,488,515,547$1,505,463,122$1,202,055,392$3,506,321,404$149,474,575$941,407,303($6,345,924,611)$4,283,163,000

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% of BRI42.55%42.11%42.30%41.72%33.48%93.45%3.81%22.98%-148.21%95.73%

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Total Net Player Salaries and Benefits1,809,180,000.001,928,880,000.002,005,830,000.002,082,653,590.002,247,521,220.00245,706,596.203,771,394,425.493,155,900,696.762,006,230,842.64191,200,000.00

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% of BRI57.00%57.00%57.00%57.72%62.60%6.55%96.19%77.02%46.86%4.27%

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Total League-Purpose Funds [53]14,328,590.2029,960,667.6724,654,452.8020,382,288.50140,880,388.200.000.000.008,621,380,767.910.00

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% of BRI0.45%0.89%0.70%0.56%3.92%0.00%0.00%0.00%201.35%0.00%
[1] Albert Nahmad: Article VII, Section 2(a)(3)
[2] Albert Nahmad: Larry Coon FAQ
[3] Albert Nahmad: Formula: Article VII, Section 2(a)(1)
[4] Albert Nahmad: Article VII, Section 2(a)(1)
[5] Albert Nahmad: A flat $49.5 million Salary Cap was utilized instead of the calculated figure for 2005-06. Larry Coon FAQ states that the calculated figure would have been $50.9 million. However, I believe he is incorrect in this regard (as he is utilizing a 51.0% of Projected BRI for such calculation instead of 49.5%).
[6] Albert Nahmad: Article VII, Section 12(a)(17)(vii)
[7] Albert Nahmad: Formula: Article VII, Section 12(a)(17)
[8] Albert Nahmad: Article VII, Section 12(a)(17)(i) Step 1
[9] Albert Nahmad: No tax was triggered in 2004/05 (under the 1999 CBA) A per team treshold, as follows, would have been set if it was triggered: [63.33% of BRI ($3.037 billion) - Actual Benefits] / Non-Expansion Teams (29)
[10] Albert Nahmad: A flat $61.7 million Luxury Tax threshold was utilized instead of the calculated figure for 2005-06
[11] Albert Nahmad: Formula: Article VII, Section 6(e)(1) The "Total Salaries" amount on which this is based will be adjusted by including realized Unlikely Bonuses and subtracting unrealized Likely Bonuses. This formula will remain unadjusted, however, because the salaries of the individual players will be updated on their respective tabs, as appropriate. The "Total Salaries" amount will also need to be adjusted to for players who suffer Long-Term Injuries. The "Total Salaries" amount is already adjusted to reflect the 2-year minimum salary for players who have been in the NBA for 3 or more seasons and are playing under a 1-year, 10-day or rest-of-season minimum contract.
[12] Albert Nahmad: Article VII, Section 6(d)(1)
[13] Albert Nahmad: Formula: Article II, Section 7(f) Max contracts appear to be been hard-coded for 2005-06, at an implied 48.04% Salary Cap of $48.0 million
[14] Albert Nahmad: Formula: Article II, Section 7(a)
[15] Albert Nahmad: Formula: Article II, Section 7(f)
[16] Albert Nahmad: Article II, Section 7(f)
[17] Albert Nahmad: Article II, Section 7(a)
[18] Albert Nahmad: Appears to have been a hard coded figure for 2005-06; Larry Coon FAQ concurs
[19] Albert Nahmad: Projected BRI Includes: (1) With respect to BRI sources other than national broadcast, national telecast or network cable television contracts: -- the previous year's BRI increased by 4.5% (a contract between league-related entities and/or teams is not considered a national broadcast, national telecast or network cable television contract) (2) With respect to national broadcast, national telecast or network cable television contracts (including the ABC and TBS agreements and any successor agreements to them): -- rights fees or other non-contingent payments stated in such contracts -- amounts of revenue sharing proceeds, if any, that are includable in BRI -- contingent payments (other than revenue sharing proceeds) -- the value of advertising or promotional time provided to the NBA (as part of the ABC and TBS agreements and any successor agreements to them) that is used to promote the WNBA (or other permitted purposes)
[20] Albert Nahmad: Article VII, Section 1(c)(3)
[21] Albert Nahmad: With respect to BRI sources other than national broadcast, national telecast or network cable television contracts, Projected BRI shall include BRI for the preceding salary cap year, increased by 4.5%. With respect to BRI sources from national broadcast, national telecast or network cable television contracts, Projected BRI is to be determined
[22] Albert Nahmad: Article IV Section 8(d)
[23] Albert Nahmad: Solved for algebraically
[24] Albert Nahmad: The 4.5% growth is based on Article IV, Section 8(a), although this should be replaced by the true estimate when it becomes available
[25] Albert Nahmad: Article VII, Section 2(d)(3) - 2(d)(4)
[26] Albert Nahmad: Article VII, Section 2(d)(2)(i)
[27] Albert Nahmad: Article VII, Section 2(d)(2)(ii)
[28] Albert Nahmad: Article VII, Section 12(a)(17)(iv)
[29] Albert Nahmad: Article VII, Section 2(d)(2)(i) and Article II, Section 7(f)
[30] Albert Nahmad: Article VII, Section 2(d)(2)(ii) and Article II, Section 7(f)
[31] Albert Nahmad: Excludes Charlotte Bobcats, as per Article VII, Section 2(a)(1), in its second expansion year
[32] Albert Nahmad: Teams are considered expansion team, for salary cap and related purposes, in the first two years of existence
[33] Albert Nahmad: BRI Includes: -- Regular season gate receipts -- Broadcast rights -- Exhibition game proceeds -- Playoff gate receipts -- Sales of concessions, programs and novelties (at the arena and in team-identified stores within proximity of an NBA arena) -- Parking proceeds -- Proceeds from team sponsorships -- Proceeds from team promotions -- Arena club revenues -- Proceeds from summer camps -- Proceeds from non-NBA basketball tournaments -- Proceeds from mascot and dance team performances -- Proceeds from the sale of rights to pour beverages or provide concessions -- 40% of gross proceeds from sales of fixed arena signage -- 40% of gross proceeds from sales of luxury suites -- 45% (before 2008-09 season) to 50% (after 2008-09 season) of arena naming rights -- Proceeds received from NBA properties (including international television, sponsorships, revenues from NBA Entertainment, the All-Star Game, the McDonald's Championship and other NBA special events) -- Proceeds from other premium seat licenses BRI Excludes: -- Needs from the assignment of player contracts -- Proceeds from the sale of NBA assets or property -- Proceeds from the grant of expansion teams -- Dues -- Capital contributions received by NBA entities from affiliated parties -- Fines associated with suspensions -- Revenue sharing among teams -- Interest income -- Insurance recoveries (unless such recoveries would have been included in BRI) -- Proceeds from sale of real estate -- Anything of value received in connection with the building of a new arena or facility (subject to certain qualifications) -- Anything of value received that is intended to induce a team to relocate -- Escrow/tax payments -- Distributions by NBA entities to its stakeholders -- Any types of revenues which weren't considered BRI in former CBAs (unless it was on an "open issues" list) -- Proceeds received by entities pursuant to the "Group Licensing Agreement" -- Monies collected solely for charity -- Proceeds related to the NBA Development League -- Proceeds related to the leasing or use of team assets (such as leasing a team plane) -- Any amount paid by a concessionaire that is related to defraying the cost of construction or substantial renovation
[34] Albert Nahmad: Actual results as yet unknown
[35] Albert Nahmad: First Part of Formula: Article I(nnn) Second Part of Formula: Article XXIX, Section 3(c) This figure will be adjusted by including realized Unlikely Bonuses and subtracting unrealized Likely Bonuses. This formula will remain unadjusted, however, because the salaries of the individual players will be updated on their respective tabs, as appropriate. This figure will also need to be adjusted to for players who suffer Long-Term Injuries. Actual results as yet unknown
[36] Albert Nahmad: "Total Salaries" from Article I(nnn) "Salaries" for players under one-year contracts making the Minimum Player Salary are adjusted to include the portion of the Minimum Player Salary that is reimbursed out of the League-wide benefits fund described in Article IV, Section 5(k)(1).
[37] Albert Nahmad: "Total Salaries" from Article I(nnn) "Salaries" for players under one-year contracts making the Minimum Player Salary are adjusted to include the portion of the Minimum Player Salary that is reimbursed out of the League-wide benefits fund described in Article IV, Section 5(k)(1).
[38] Albert Nahmad: Article IV, Section 12
[39] Albert Nahmad: Article VII, Section 12(a)(14)
[40] Albert Nahmad: Article VII, Section 12(a)(4)
[41] Albert Nahmad: Article VII, Section 12(a)(2)
[42] Albert Nahmad: Article VII, Section 12(a)(3) Note that this calculation is different than what the CBA describes it to be. As per Larry Coon's conversation with league insiders, the definition assumed is as the league intended it to be
[43] Albert Nahmad: Article VII, Section 12(d)(1)(ii)
[44] Albert Nahmad: First Part of Equation: Article VII, Section 12(d)(1)(i) Second Part of Equation: Article VII, Section 12(e)(1) - Section 12(e)(3)
[45] Albert Nahmad: Larry Coon FAQ; as per Article VII Section 12(g)(1)(ii) and Section 12(g)(3)
[46] Albert Nahmad: Article VII Section 12(g)(1)(ii) and Section 12(g)(3)
[47] Albert Nahmad: Larry Coon FAQ; as per Article VII Section 12(g)(1)(i) As per Article VII Section 12(g)(1)(i), all teams, including expansion teams, are entitled to participate equally in Escrow Proceeds which are returned to NBA teams
[48] Albert Nahmad: Article VII Section 12(f)(1) This figure will be adjusted by including realized Unlikely Bonuses and subtracting unrealized Likely Bonuses. This formula will remain unadjusted, however, because the salaries of the individual players will be updated on their respective tabs, as appropriate. This figure is already adjusted to reflect the 2-year minimum salary for players who have been in the NBA for 3 or more seasons and are playing under a 1-year, 10-day or rest-of-season minimum contract. This figure will also need to be adjusted for players who signed as free agents and make less than the 2-year minimum salary. Note, however, that this adjustment has been made for the 2009-10 season and will therefore only affect the 2nd year of 2-year contracts (i.e., the 2010-11 season) for players with 0 years of service currently. There are currently no such players. Actual results as yet unknown
[49] Albert Nahmad: Article VII Section 12(f)(1) This figure will be adjusted by including realized Unlikely Bonuses and subtracting unrealized Likely Bonuses. This formula will remain unadjusted, however, because the salaries of the individual players will be updated on their respective tabs, as appropriate. This figure is already adjusted to reflect the 2-year minimum salary for players who have been in the NBA for 3 or more seasons and are playing under a 1-year, 10-day or rest-of-season minimum contract. Actual results as yet unknown
[50] Albert Nahmad: Article VII Section 12(g)(2)(i) As per Article VII Section 12(g)(2)(i), all teams, including expansion teams, are eligibile to participate in Luxury Tax proceeds should they meet the conditions provided under Artilce VII Section 12(f)
[51] Albert Nahmad: Article VII Section 12(g)(2)(i)
[52] Albert Nahmad: Article XXIX, Section 3(c) The formula will need to be adjusted to account for players that sign 10-day and rest-of-season contracts, and will automatically adjust when roster sizes are increased (decreased) to the minimum 13 (maximum 15) players as per Article XXIX. Payment for any season needs to be made by August 1st of the next season, which makes it unclear whether this adjustment to Total Salaries is offset by a year
[53] Albert Nahmad: Distribution of League-Purpse Funds: The use of Escrow amounts or Luxury Tax amounts for a “League Purpose” shall mean the use of such amounts for any purpose, including, but not limited to, the distribution of such amounts to one (1) or more teams; provided, however, that such amounts may not be distributed to a team or expended for the benefit or detriment of a team in a manner that is based, directly or indirectly, on the amount of the team’s Team Salary or on whether the team is a taxpayer. By way of example and not limitation, a team-assistance plan adopted by the NBA and funded with Escrow amounts and/or Luxury Tax amounts shall be considered a “League Purpose” if, pursuant to the plan, (i) a team’s entitlement to an assistance payment and/or the amount of such payment is based, in whole or in part, on a pro forma profit, loss, and/or expenses computation determined by the NBA under which all teams are assumed to have the same Team Salary, and/or (ii) a team’s assistance payment is limited to an amount not to exceed the team’s actual losses as determined by the NBA; provided, however, that (x) with respect to clause (ii), in determining whether a team has sustained an actual loss, the only expense amount that may be used in respect of the team’s compensation expenditures shall be an amount that is no less than its Team Salary, and (y) in order to qualify as a “League Purpose,” such a plan may not otherwise base a team’s entitlement to assistance and/or the amount of such assistance on the amount of a team’s Team Salary or on whether the team is a taxpayer