Facing a March 31 opt-out deadline, the NBA and the National Basketball Players Association reached a tentative agreement early Saturday on a labor deal.
Facing a March 31 opt-out deadline, the owners and players continued to negotiate until after midnight Friday, eventually reaching a new collective bargaining agreement that will begin in 2023-24 and run for seven seasons, while providing each side with the ability to opt out after the sixth season. The tentative agreement, which was formally announced by the league and the players’ union, is still subject to ratification by the owners and players.
As part of the agreement, the NBA will add a midseason tournament to its schedule, beginning in the 2023-24 season, and implement a requirement that players appear in at least 65 games to be eligible for end-of-season awards, according to a person with knowledge of the situation.The midseason tournament, modeled on professional soccer’s competitions, is intended to inject excitement and an additional prize into the league’s lengthy 82-game schedule.
Further details of the agreement will be announced once a term sheet is finalized, the league said in a brief statement.
NBA Commissioner Adam Silver and Tremaglio both indicated in February, during their All-Star Weekend addresses, that they were hopeful an agreement would be achieved before the deadline. Silver said last July that the league posted
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