Dec 23 (Reuters) - Players in the National Basketball Association approved their new seven-year collective bargaining agreement on Friday.
The NBA board of governors voted on Wednesday to approve the tentative agreement reached with the players' union, and the players also approved ratification in an electronic vote that was finalised on Friday.
The document now just needs to be finalised and signed.
"The new Collective Bargaining Agreement was ratified this week by the NBA players and NBA Board of Governors," the NBA said in a statement on Friday.
"The new agreement will take effect on July 1, 2017 and run through the 2023-24 season.