July 11, 2013; Oakland, CA, USA; Golden State Warriors general manager Bob Myers addresses the media in a press conference after a sign-and-trade deal for Andre Iguodala (not pictured) at the Warriors Practice Facility. Mandatory Credit: Kyle Terada-USA TODAY Sports

The NBA Moratorium Is Finally Over

The Moratorium is over, and here is some quick information on what exactly the Moratorium is…

Directly from Larry Coon’s website:

“It is a period during the month of July in which teams may not sign most free agents or make trades. Free agents become free on July 1, but the salary cap is not set until the league’s audit is completed later in the month. Teams and players must wait for the salary cap to be set before trades and most free agent signings can commence. Teams may negotiate with free agents beginning July 1, but they have to wait until the moratorium ends before signing a contract.

The dates for the July Moratorium are as follows:

Season July Moratorium Players may be signed beginning
2012-13 July 1-10, 2012 July 11, 2012
2013-14 July 1-9, 2013 July 10, 2013
2014-15 July 1-9, 2014 July 10, 2014
 

 

To all of us people not in the know, what this means is all of the trades and signings we’ve been hearing about can actually happen now. All of the trades we’ve heard like the Jarret Jack trade to Brooklyn and the Shaun Livingston signing to the Warriors can be official now.

What this also means is teams can sign free agents now. So the big names such as LeBron James and Carmelo Anthony can now sign with a team, after announcing where they’re going of course.

After the big name free agents announce where they’re going, all of the other free agents will follow suit. We may get to see what the Warriors have been quietly working on, and whether the Warriors will make the trade with the Timberwolves for Kevin Love.

Hopefully, the pace of things will pick up.

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Tags: Free Agency Golden State Warriors

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