National Basketball Players Association player representatives voted at All-Star Weekend in Toronto to increase player-agent dues and the increase will begin with the 2016-17 season.

The current rate for agents is $1,500 per season, but even for agents who represent as few as nine players, that yearly fee will increase to $2,500.

For agents with 10-19 players, the fee will be $5,000, and for agents with more than 20 players, annual dues will be $7,500.

The NBPA also said “the regulation prohibiting an Agent from representing both an NBA player and a coach/GM will now be strictly enforced. There will be a six-month grace period (August 22, 2016) to allow agents to transition clients to another agent.”

The NBPA informed agents in the memo that “Monetary fines, up to a maximum of $100,000, will now be part of the list of potential penalties for agents. The range of penalties will now be: public reprimand, fine, suspension, decertification. Please note that the NHLPA, NFLPA, and MLBPA all have the right to levy fines against Agents without limitation."