The NBA and players' union have reached an agreement in principle to begin the 2020-21 season, the two sides announced Monday night.
The deal calls for free agency to begin Friday, Nov. 20, at 6 p.m. ET, two days after next week's NBA draft.
As was agreed to last week, the regular season will begin Dec. 22, and the schedule will be 72 games.
The salary cap is going to be set at $109.1 million, and the luxury tax will be $132.6 million -- the same numbers they were during the 2019-20 season, before the league's finances took a drastic hit as a result of the ongoing COVID-19 pandemic.