Big News on the Fiscial Cliff

A Deal on the BMJ Fiscal Cliff has been reached pending on league approval. It almost had a set back due but all sides came together to hammer out a deal that was best for everyone. The Fiscal Cliff discussion began back in June around amateur draft time the problems that were to be addressed are stated below.

BMJ Sequester

• Budgets will drop at MIN 30% at end of season and will drop continuously more after
• inflation will skyrocket and league min will be unbearable past league rules
• Our leagues biggest markets could turn into the leagues smallest
• Players demands will skyrocket

We need to come up with some sort of fix that will help. Here are our issues we need to talk about.

• Revenue Sharing(currently a 30% going to league in taxes)
• Player Demands
• League Revenue Percentage(currently +70%)
• Boston-New York-New Haven Markets
• Luxury Tax
• Hard Cap
• And if anyone else can think over anything else

The solution the Commissioners have came up with is,

"All cash as of ST is 100 mil or lower.
League Revenue to go to 45% for next 2 or 3 years until money is dry. Currently increased to 40 from 30 this past year.
Revenue sharings takes cash from bank.
IFA cash comes from bank
If your below 100 mil at start of free agents you stay there, if you are above you are put there and exces cash goes to bank.
No intrest on bank

Its tentative cause we wanna make sure yall agree plus god forbid something goes wrong after the file is simmed to ST."