It’s official: Basketball is coming back Dec. 22.

The NBA and the National Basketball Players Association have come to an agreement on a start date and other important terms for the 2020-21 season, with a slightly shortened regular season set to tip off in late December.

The league’s Board of Governors must still vote on the agreement. But here’s what we know so far:

• The NBA Draft is still scheduled for Nov. 18

• Free agent negotiations begin two days later on Nov. 20 (at 4 p.m. MT)

• Teams can begin signing players at 10:01 p.m. MT on Nov. 22

• Training camps are likely to begin Dec. 1

• The season will begin on Tuesday, Dec. 22

• The season will feature 72 games (down from the usual 82)

• A full schedule will be released at a later date

• The Salary Cap will be set at $109.14 million

• The Tax Level will be $132.627 million

• Those numbers will increase 3-10 percent in each subsequent season of the Collective Bargaining Agreement

• Revenue having been impacted by the COVID-19 pandemic, the league and union will now use a new system to split basketball-related income (BRI)

With just a few weeks to go before players report to training camp, this promises to be an offseason unlike any other.

It’s time to buckle up, Jazz fans.

This season tip-off announcement is presented by University of Utah Health, trusted health care provider of the Utah Jazz.

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