The NBA and NBPA have agreed to extend the December 15th deadline that allows either side to give notice of plans to opt out of the current collective bargaining agreement. The extension is expected to be into February.
Negotiations on a new collective bargaining agreement are ongoing and this extension was expected.
The owners are reportedly seeking a hard cap as part of this CBA, which the players’ side has stated that they’re prepared for a lockout rather than concede on the issue. The NBA has attempted to use the term ‘upper spending limit’ rather than ‘hard cap’. The hard cap would replace the luxury tax system currently in place that penalizes high spending teams.
The current collective bargaining agreement expires after the 23-24 season.
