The NBA and National Basketball Players Association have agreed on a new seven-year collective bargaining agreement, clearing the way for labor peace through this decade, sources told ESPN on Friday night. The deal, which starts with the 2023-24 season, includes a mutual opt-out after the sixth year, sources said.
The agreement landed just past a midnight ET deadline -- which both sides agreed to extend -- early Saturday, when the league had indicated it would exercise an early opt-out of the current CBA before the 2023-24 season. NBA commissioner Adam Silver, NBPA executive director Tameka 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.