Escrow next season is set at 20%. For 2021-22, it will be between 14 and 18% depending on what the 2020-21 revenue is. 2022-23 will be 10% and the following 3 seasons will be 6%.
The revenue split is still 50/50, so any overpayments to the players that aren't recouped through escrow will create a escrow balance owed to the owners. The escrow balance will be paid down over time as revenues increase but the cap does not.
The salary cap will not increase until league-wide revenue for a season exceeds $3.3 billion. When league-wide revenue reaches $4.8 billion, the cap will rise to $82.5 (any amount between $3.3B and $4.8B will see the cap prorated between $81.5M and $82.5M).
When revenue surpasses $4.8 billion, the cap will increase by $1 million per year until the escrow balance is paid off.
__________________
Turn up the good, turn down the suck!
|