New York, New York — The NBA Finals will start on Sunday with the NBA and the NBA Players Association taking to the court for the first time since the 2010-11 season.
The league and the players union will also announce an additional $15 million in player contracts to be paid to their former players.
The NBA and NBAPA have long maintained that players are entitled to full compensation and the union’s agreement with the league says that if an injury to one player causes a loss to the league’s financial resources, a player can claim a portion of the players’ salary.
The deal with the players was approved by a vote of the owners and the owners have been adamant that they won’t make any adjustments to the contract.
The deal also provides for a $15,000 bonus for every game in which a player is ruled out for the remainder of the season.
All other players are eligible to receive the same bonus.
The owners are expected to announce their final rosters for the series before Game 5 begins at 2 p.m.
ET (10 p..m: PT) on Sunday, and the league will announce the schedule for the rest of the regular season.
The agreement with NBA and union comes after months of negotiations and was negotiated in good faith with the union and NBA Players’ Association.
The NBAPA was in charge of the agreement from the beginning.
In November 2010, the players agreed to the $15-million-a-year salary increase after years of negotiations with the owners.
The agreement was announced in March 2011 and was signed by NBA Commissioner David Stern and the Players Association on April 18, 2011.
The players were entitled to an additional four years of guaranteed contracts, which was agreed to by the union in October 2011.
The contract was also extended by one year in August 2011 after the NBAPA requested an extension in the wake of the 2009-10 lockout.
The salary increases were included in a package of bonuses that the league announced earlier this year.