NBA, players’ association reach CBA agreement

BENGALURU: The NBA and the players’ association (NBPA) have reached an agreement in principle on a collective bargaining agreement (CBA) for the 202021 season, which will begin on December 22, they said.

The NBPA last week approved the date for the opening of the new season that will have a reduced 72game schedule. After a meeting yesterday, it and the NBA said in a joint statement the salary cap would be $US109.14 million ($NZ159.78 million) and tax level would be $US132.627 million.

Both figures are unchanged from last season, US media reported yesterday.

‘‘In subsequent seasons of the CBA, the salary cap and tax level will increase by a minimum of 3% and a maximum of 10% over the prior season,’’ the league and players’ union added.

The agreement is subject to a vote by the league’s Board of Governors. — Reuters