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Update 1: Sources: The NBA, NBPA will keep the one-and-done draft rule for now, but will continue researching and discussing issue over life of CBA. — Wojnarowski
Update 2: Sources: Under new CBA, the league will shorten preseason and start the regular season a week sooner. Another way to space out games. — Wojnarowski
Update 3: Among the highlights of new CBA: huge raises for rookie scale, mid-level, bi-annual and 10-year vet deals. — Aldridge
Update 4: Also, new “designated veteran deal” will allow teams to pick 1 vet as they can do now with rookies for extensions under certain criteria. — Aldridge
Update 5: Also: health care packages for retired players & benefits for current ones, including tuition reimbursement, to be co-paid by league, union. — Aldridge
Update 6: Full breakdown of details so far can be found here.
Update 7: The window to match or pass in restricted free agency in the NBA's new labor deal is being reduced from three days to two days, sources say. — Stein
Update 8: New CBA wil add two "two-way roster spots" adding a 16th and 17th player that will be used for D-League assignments. Still only 13 active. — Kyler
The NBA and NBPA have reached a tentative agreement on a new 7-year Collective Bargaining Agreement, Adrian Wojnarowski of The Vertical reports.
The NBA and NBPA will make an official announcement on deal tonight, league sources tell @TheVertical.
— Adrian Wojnarowski (@WojVerticalNBA) December 15, 2016
Owners and players must still go through process of ratifying agreement, but that's a mere formality in the process.
— Adrian Wojnarowski (@WojVerticalNBA) December 15, 2016
The official release from the NBA reads as follows:
NEW YORK – The NBA and NBPA have reached a tentative agreement on a new Collective Bargaining Agreement, pending ratification by players and team owners.
In order to give both sides enough time to review the terms of the agreement and vote to ratify, the parties have agreed to extend the mutual deadline to opt out of the existing CBA from Dec. 15, 2016, to Jan. 13, 2017.
Specific terms will be made available at a later date.
We will share more information as it becomes available, but fans of NBA basketball can rejoice knowing that it appears as though a lockout has been avoided.
Beyond the whole “watching basketball” thing that we all know and love, this also means that those who rely on the NBA for income will be paid.
Since I don't get paid unless there are actual NBA games..... THIS is the best notification I've received in years! #FreelanceLife pic.twitter.com/oU4BWxO02l
— John Lukrofka (@bigjohnNEP) December 15, 2016
Win-win-win.