Originally posted on Wizards Insider  |  Last updated 12/9/11

TORONTO, ONT - JUNE 22: (L-R) Director of Amateur Scouting Ross Mahoney, Ontario Scout Steve Bowman, Majority Owner & Chairman Ted Leonsis and General Manager & Vice President George McPhee of the Washington Capitals stands with Steve Eminger who was selected as the 12th overall pick during the first round NHL Draft on June 22, 2002 at the Air Canada Centre in Toronto, Ontario. (Photo by Dave Sandford/Getty Images/NHLI)
Ted Leonsis confirmed on his blog, Ted’s Take, that he was among the 25 NBA owners who voted to approve the new 10-year collective bargaining agreement that would ensure a 66-game season beginning on Christmas. Five owners voted against the new deal. Leonsis was fined $100,000 before last season when he declared his preference for a labor deal that included a salary cap structure similar to the NHL. The deal approved by the owners does not have a hard salary cap but it does possess a nearly 50-50 split of basketball-related income, a reduction in contract lengths and annual raises, a harsher luxury tax penalty and other restrictions that make it harder for high-spending teams to improve. Read full article >>
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