What happened: Schwartz contrasted the Lakers' reported $12.5 billion sale with clubs' reluctance to spend on older free agents. He blamed current CBA rules and aimed a pointed “Thank you” at the union.
Why it matters: The dispute centers on whether restrictions targeting top-spending clubs are also narrowing the market for experienced players. It comes deep into 2026 free agency as available roster spots shrink.
By the numbers: The Lakers agreement is valued at $12.5 billion, up 25% from the $10 billion valuation attached to the 2025 controlling-stake sale.
What to watch: NBA approval is still required for the Lakers agreement. Veteran deals before training camp will indicate whether the market loosens.