Sources revealed on Saturday morning that the NBA and the National Basketball Players Association reached a new seven-year collective bargaining agreement. The tentative deal, as announced by the league and the players’ union, is expected to come into effect in the 2023-24 season. It includes an option to opt-out after the sixth year.
The deal, which would effectively enable labor peace for the rest of the decade, is set to be ratified by the league governors and players in the coming weeks.
Concluded early Saturday morning, the new deal comes after both sides decided to opt out of the final year of the previous collective bargaining agreement. NBA commissioner Adam Silver, NBPA executive director Tamika Tremaglio, and negotiators including the NBA’s Dan Rube and the union’s Ron Klempner filled out the last details of the deal on Saturday, sources confirmed.
Some of the key elements of the new deal include the NBA preventing the highest-spending teams from boosting salary and luxury tax spending while simultaneously adding more talent to their rosters. Eligibility for NBA awards will also be set at a minimum of 65 games played in order to accommodate players who miss time due to injuries and other personal reasons.
