The tentative deal, which starts with the 2023-24 season, landed just past a midnight ET deadline for the league to opt out of the final year of the previous CBA.
The NBA and National Basketball Players Association have reached agreement on a new seven-year collective bargaining agreement, promising labor peace through the rest of the decade, sources told ESPN early Saturday morning.
The tentative deal, which starts with the 2023-24 season, was announced by the league and union and is expected to be ratified by league governors and players in the coming weeks. The deal includes a mutual opt-out after the sixth year, sources told ESPN.
The agreement landed early Saturday morning after both sides agreed to extend a midnight ET deadline for the league to opt out of the final year of the previous CBA. NBA commissioner Adam Silver, NBPA executive director Tamika Tremaglio and negotiators on both sides — including the NBA’s Dan Rube and the union’s Ron Klempner — hammered out remaining details on the agreement, sources said.
After two extensions of the early opt-out deadline, the league’s negotiations with Tremaglio and new NBPA president CJ McCollum delivered a deal months ahead of a possible work stoppage.
Among the key initial elements of the deal described to ESPN:
The NBA is curbing the ability of the highest-spending teams, such as the Golden State Warriors and the LA Clippers, to continue running up salary and luxury tax spending while still maintaining mechanisms to add talent to the roster.
