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NBA offer a bad deal? You decide

David Stern in a 2010 file photo. (Apr.

David Stern in a 2010 file photo. (Apr. 22, 2010) Credit: AP

The union leaders called it "unacceptable." The NBA called it the last offer they will make with any concessions off their original position.

So let's present to you the major points of the NBA's latest proposal and leave it to you to decide if it is a good deal or a bad deal and why.

(Credit information to Howard Beck of the New York Times, who obtained the letter with the official proposal from the NBA to the NBPA):

BASKETBALL RELATED INCOME SPLIT: Basically a 50-50 deal, with stipulations that could see it drop to 49-51 in favor of owners if league revenue fails to meet expectations and could see it increase to 51-49 if revenue exceeds expectations, though neither alternative scenario is likely.

SALARY CAP: Soft cap with a luxury tax threshold. The first two years of the deal will follow the former CBA's system to allow time for taxpaying teams to adjust. In the third year of the deal, the new system, with a tax of  will be enforced. This includes a "repeat offender" tax of $1 for every $1 over the threshold, on top of the usual tax charge.

SIGN-AND-TRADE: Only allowed by teams not over the tax threshold at the time of the trade.

EXTEND-AND-TRADE (such as the Carmelo Anthony deal last season): No longer allowed.

MID-LEVEL EXCEPTION: $5 million salary (grows 3 percent annually after third year of CBA), maximum length of three years and four years (alternates each year) ONLY available to teams not over the tax threshold. Those paying tax can use a MLE of $2.5 million (same 3 percent growth as full MLE) with two year maximum, but may not use it in consecutive years.

BI-ANNUAL EXCEPTION: Only allowed by teams not over the tax threshold at the time of the signing.

CONTRACTS: "Bird" Rights players get five years max, with four years for others. Annual raises maxed at 5.5 percent for "Bird" players, 3.5 percent for others. Team and player options are prohibited, other than in rookie deals. A player may opt out of the final year of his contract only if he agrees that the final year is not guaranteed.

CURRENT SALARIES: No rollbacks and players will be paid a prorated share of 2011-12 salaries based on game total.

ESCROW: The league will withold 10 percent of player salaries to ensure a 50-50 split is achieved. If player earnings fall below 50 percent of league revenue, the escrow will be returned to the players at the end of the season. There will be additional money withheld to, according to Stern's letter, "account for business uncertainty" as a result of the lockout.

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Your thoughts, Fixers?

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