The NBA and players’ union worked considerably past the midnight opt-out deadline, but they eventually came to terms on a new collective-bargaining agreement.
Per Adrian Wojnarowski of ESPN, the sides have agreed on a seven-year deal, with an opt-out for either side after the sixth.
What this means to the common fan is that there is no chance of a work stoppage until 2029, meaning they games will go on as scheduled for at least the next six seasons, and perhaps until 2030.
It is believed that as part of the agreement the league will continue to keep the age limit to enter the draft the same as it is now — with prospects needing to be a year removed from high school to be draft-eligible. So the NCAA’s “one-and-done” situation will stay in place.
The league and players also agreed to stage an in-season tournament and make an effort to curtail “load management” with a new rule that states players must play in at least 65 of the 82 regular-season games to be eligible for major individual awards.
All of the new rules and ratifications will go into effect starting next season.
Hoops Wire will have more on this story as it develops.
Deal includes In-Season Tournament, 65-game minimum for postseason awards, new limitations on highest spending teams and expanded opportunities for trades and free agency for mid and smaller team payrolls, sources tell ESPN. https://t.co/B8GJWeF4cq
— Adrian Wojnarowski (@wojespn) April 1, 2023
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