The NBA and the Players Association have yet again extended the collective bargaining agreement opt-out deadline.
The NBA and NBPA announced Monday afternoon that they have extended the opt-out deadline to March 31 But the league pushed that back to February 8.
“The NBA and NBPA have mutually agreed to extend the deadline to exit the current Collective Bargaining Agreement from February 8, 2023, to March 31, 2023, as the two sides continue talks to reach a new agreement, they said in a joint statement. “If either party exercises the opt-out, the term of the CBA will expire on June 30, 2023.”
The two sides are currently working on a new CBA. The current deal began in 2017, and is set to run until next season. If the league or the players’ union decide to pull out, it could result in another lockout on July 1. This will be the first lockout since 2011.
decision to extend the opt-out date for a second time, It “is rooted in the belief that there is sufficient common ground in the talks to reach a new labor agreement”.
Among other things, one of the biggest points of contention in the new CBA deal is the introduction of a spending cap. The league has reportedly proposed a system that would replace the luxury tax with a tougher spending limit, something that the NBPA has reportedly been against. Two-thirds of teams are below the current luxury tax threshold, while another 10 teams are set to pay nearly $700 million, a league record, in penalties this season. More than half of that total is due to just three teams. Warrior’s, shear And Net,
Other hopes for the CBA negotiations, according to Wojnarowski, include dealing with broadcast rights and regional sports networks, allowing high school players to enter the NBA draft at age 18, and requiring players not to rest during the season. or encouraging them to sit out the game.