New CBA tentative deal to be announced
December 15, 2016 2:52 am
NBA Update – The NBA and NBPA have reached agreement on a tentative deal on a new collective bargaining agreement. The deal is pending ratification by players and team owners, which is considered a formality.
The parties have agreed to extend the mutual deadline to opt out of the existing CBA from Dec. 15, 2016 to Jan. 13, 2017 in order to finalize more minor points.
The new deal will cover seven seasons though both parties are likely to own an early opt-out.
The existing split of basketball related income is expected to remain unchanged with players receiving between 49 and 51 percent. The lockout of 2011 saw the players’ share drop from 57 percent.
Category: Basketball
