New deal will reportedly push back termination deadline through September
According to ESPN’s sources, earlier today, the NBA and the NBA Players’ Association reached a deal that will push back the 60-day-window that allows the league to cancel the current collective bargaining agreement. This agreement between the two sides will reportedly run through September 2020. The delay now gives the NBA and the Players’ Union more time to evaluate how the Coronavirus Pandemic will affect the league’s revenue flow.
These reports come as the NBA was preparing for the original 60-day window to close this week. Today was supposed to be the last day the NBA could terminate the CBA under the original agreement, but that date will now be pushed back.
ESPN’s Sources are saying the league is confident it will be able to work through these financial issues for this season and next season. The NBA’s current CBA runs through the 2023-24 season. However, a mutual opt-out option will become available following the conclusion of the 2022-23 NBA season.