Riding the wave of fan interest in so-called “super teams” and a reservoir of television money that has helped both owners and players, the NBA and the National Basketball Players Association reached a tentative seven-year deal Wednesday on a new Collective Bargaining Agreement. The tentative deal, which can be opted out after six years, has to be approved by both sides’ respective constituents, so the Thursday deadline for each side to be able to opt out of the existing 10-year CBA will be extended—but only to allow each side to formally ratify the deal.
Source: David Aldridge of NBA.com
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