The NBA and National Basketball Players Association announced Wednesday night they have ratified the recently agreed-upon new collective bargaining agreement. Both sides came to the new agreement in the early hours of April 1, shortly after the deadline for both sides to opt out of the current agreement had expired at midnight March 31. I
The new CBA will go into effect on July 1st and remain in place until at least the end of the 28-29 season.
The CBA includes provisions to limit the ways big spending teams can build their rosters, aimed at franchises like the Golden State Warriors and Los Angeles Clippers.
The deal also brings in the in-season tournament.
The NBA last had a work stoppage in 2011 when the owners increased their share of Basketball Related Income from 43 percent to 49 percent.
