The NBA and NBA Players Association reportedly reached an agreement on a new collective bargaining agreement, according to multiplereports early Saturday.
The two sides had previously agreed to a midnight ET Saturday deadline that would have allowed either side to opt out of the current agreement, but worked past that marker to ensure a new deal was in place. The new CBA is reportedly for seven years and includes another mutual opt-out after the sixth year. The current agreement was set to end after the 2023-24 season.
The agreement means the league will avoid a work stoppage. The last major stoppage was in the 2011 season.
Deal includes In-Season Tournament, 65-game minimum for postseason awards, new limitations on highest spending teams and expanded opportunities for trades and free agency for mid and smaller team payrolls, sources tell ESPN. https://t.co/B8GJWeF4cq
— Adrian Wojnarowski (@wojespn) April 1, 2023
This is a developing story and will be updated.
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