NEW YORK — (Wire Service Report) – The NBA and National Basketball Players Association are making progress toward a new Collective Bargaining Agreement, and a deal could be finalized within a couple of weeks, according to a report from Yahoo Sports’ The Vertical.
The sides have until Dec. 15 to opt out of the current 10-year deal.
The reports states that expected changes in the new CBA include a significantly higher rookie contract scale, two-way contracts between the NBA and NBA Development League, and minor changes to the maximum contract scale.
The NBA and NBPA were unable to reach a labor deal in 2011 until December, costing teams 16 regular-season games, and failure to reach a deal prior to the opt-out deadline could have the same consequences.
That is unlikely to happen, given the reported cooperation between NBA commissioner Adam Silver and NBPA executive director Michele Roberts. Both are believed to be motivated to get a deal done, considering the influx of money into the league from its current television rights deals.
Silver makes his annual address after a board of governors session later in October, and there is expected to be an official update on the negotiations then.