Adrian Wojnarowski of The Vertical reported on Thursday that the NBA and the league’s Players Association are both hopeful that a new collective bargaining agreement will be completed in the coming weeks.
Both sides have until December 15 to opt-out of the current 10-year collective bargaining agreement that was agreed upon back in 2011. Wojnarowski says that both sides are optimistic that a new deal will be in place before the opt-out date. If a new agreement is struck, the league will avoid a work stoppage in 2017.
Commissioner Adam Silver and NBPA executive director Michele Roberts have reportedly already hammered out most of the key details on the new agreement, and that all that remains are smaller aspects of the deal. The Vertical reports that one of the major new parts of the collective bargaining agreement will be more lucrative rookie scale contracts and two-way contracts between the NBA and the D-League. The latter point seems to indicate the potential for all 30 NBA teams to own a D-League affiliate, which would create an increase in playing jobs.
The positive aura surrounding these negotiations is a breath of fresh air after the league’s ugly work stoppage in 2011 that canceled the first two months of the regular season. The cooperation on both sides is a clear sign that the league is in excellent financial shape. ESPN’s Darren Rovell reported earlier this summer that the NBA is expected to reach the $8 billion revenue threshold during the upcoming season.
The league generated about $5.2 billion in revenue during the 2014-2015 season.