The NBA and the National Basketball Players Association made it official Thursday that the two sides have signed a new collective bargaining agreement.
That means pro basketball won’t be interrupted by a work stoppage before the summer of 2022 at the earliest. That is great news for the sport and reflective of the exceptional prosperity around the NBA, thanks primarily to new national television contracts with ESPN/ABC and Turner Sports.
The NBA distributed a summary of the terms of the new CBA to media Thursday evening. A few key points, and how those terms might affect the Charlotte Hornets:
Exceptions and rookie scale amounts rising substantially: The mid-level and biannual exceptions and the rookie scale, for first-round draft picks, will rise by 45 percent.