NBA, players reach tentative agreement on labor deal
MIAMI | The NBA and its players have agreed in principle on a new collective bargaining agreement, one that still needs to be formally ratified by players and owners in the coming weeks.
The league announced the tentative agreement Wednesday night, one day before the sides faced a deadline for opting out of the current deal. That deadline for opting out has now been extended to Jan. 13, with the NBA saying that’s “in order to give both sides enough time to review the terms of the agreement and vote to ratify.”
Talks have gone on for weeks, and unlike those surrounding the most recent deal between the league and its players, these were mostly amicable. Most of the major issues — such as keeping the split of basketball-related income the same as it is in the existing deal — were agreed upon weeks ago.