The NBA and National Basketball Players Association have agreed to extend the Dec. 15 deadline that each side has to give notice of plans to opt out of the collective bargaining agreement in December 2023, sources told ESPN on Friday.
Talks on a new CBA are ongoing, and a formal ratification of an extension -- likely into February -- is expected to come at a virtual board of governors meeting Wednesday, sources said.
The current seven-year CBA expires after the 2023-24 season, but the possibility of either side opting out next December leaves the NBA vulnerable to a work stoppage during the season.