http://sports.yahoo.com/news/sources-cba...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.
The NBA and union share a Dec. 15 opt-out date on the current 10-year labor agreement, but the sides are nearing completion on a new agreement that’ll be finalized within weeks, league sources said.
The NBA and the union have agreed upon the major issues of the deal, and are finishing negotiations on smaller provisions, league sources said.
http://www.businessinsider.com/the-nba-a...
There will be no lockout in the NBA next season as the owners and players have agreed to a new seven-year collective bargaining agreement, according to Adrian Wojnarowski of The Vertical.The new deal runs through the 2023-24 season. However, there both sides can choose to opt out after the 2022-23 season.
The two sides have until December 15 to decide to opt in or out of the current CBA.
There had been a fear that one or both sides would want significant changes to the distribution of revenue which has skyrocketed in recent years thanks to new television contracts.
The NBA experience two significant lockouts during the negotiations for two of the most recent CBAs. In 1998 and 2011, lockouts canceled part of the those seasons with the 1998-99 season shortened to 50 games and the 2011-12 season had just 66 games for each team.
If rookie salaries go up by a hefty amount, I wonder if 1st round draft picks become less attractive again to teams.
