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Originally Posted by TurnedTheCorner
Marc Spector - breaking news that was in the press release since day one like he's a savvy insider.
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Breaking news that isn't even correct. It has nothing to do with there being an up front payment.
The CBA very clearly states that any predictable "significant" increase in revenue expected for the upcoming season will be factored into the cap calculations for that season...
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If a significant (i.e., $20 million or more) onetime increase or decrease to League-wide revenues (e.g., by reason of the addition or loss of a national television contract or the scheduled opening of one or more new arenas which is expected to result in a significant increase in League-wide revenues) is anticipated in the next League Year, the parties will endeavor to estimate the expected increase or decrease and incorporate that estimate into the above-stated formula for calculating the Adjusted Midpoint.
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This was in the 2005 CBA as well.