While it seemed bleak over the past year or so, there are several indications that the players and the owners have improved tremendously towards reaching a new collective bargaining agreement and avoiding another potential lockout at the beginning of the 2017-18 season. Both sides are expected to opt out of the current CBA at the conclusion of the summer, and the recent television deal caused concern from fans as to how the money would be carved out.
While those details are still not clear, the good news is that significant progress has been made. The new deal could potentially run until 2024. The NBA is as popular as it’s ever been, so another work stoppage would’ve been detrimental.
The NBA and National Basketball Players Association are working on a seven-year extension to the Collective Bargaining Agreement, with a mutual opt-out in six years, league sources told The Vertical.
The seven-year deal could potentially deliver the NBA labor peace through the 2023-24 season, unless the opt-outs are exercised in 2022, league sources told The Vertical.
The new CBA will begin with the 2017-18 season.
H/T: Yahoo!
