PeterJohn
Years ago
NBL announces salary cap changes, three imports
NBL has a press release on their web site, confirming some of the rumoured changes. Key changes will be:
1. Rosters increased to 11 contracted players.
2. Existing 'hard cap' of $1m to be replaced by a ‘soft cap’ of $1.1m, exceeding which will result in a team having to make a salary equalization subsidy contribution.
3. Salary cap in future years determined by averaging all teams’ salary payments for the prior season.
4. Development players now permitted to play in all home and away games and age limit rises from 24 to 25.
5. One player per team from a FIBA Asia or Oceania country other than Australia or NZ may be contracted as a non-restricted player.
6. Marquee Player System to apply to non-restricted players only.
7. Up to 4 marquee players permitted per team, and only a specified component of their salaries will be counted toward the salary cap.
8. Up to 3 Restricted (Import) Players on each roster
9. Aggregate salaries of at least 5 players on each team must not exceed $400,000 in 2016/17.
10. Salary Floor implemented - Clubs must spend at least 90% of the Salary Cap.
11. Salaries publicly disclosed.
12. Player Points System removed.
13. Player Values for Salary Cap purposes to be assigned by Contract Review Committee – their values will override the salary submitted on paperwork to the NBL as a measure to police the Salary Cap and ensure Players are appropriately valued.
14. $1.1m Salary Cap is a Soft Cap, with teams able to spend over and above this figure however they will be required to contribute to the Salary Equalisation Subsidy Account. Funds accrued in this account will be able to be distributed to Clubs who are struggling to meet the Salary Floor.
More details at http://www.nbl.com.au/featured-news/nbl-announces-changes-to-player-contract-salary-rules/.
Pretty major changes that should have a significant impact. What do people think?