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REPORT: New collective bargaining agreement to extend seven years

Oct. 8, 2014 - Berlin, Germany - NBA Commissioner Adam Silver speaks during a press conference before the game between Alba Berlin and the San Antonio Spurs as part of the 'NBA Global Games' in Berlin, Germany, 08 October 2014. ****NO AGENTS----NORTH AND SOUTH AMERICA SALES ONLY----NO AGENTS----NORTH AND SOUTH AMERICA SALES ONLY****
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The NBA and NBPA are working on a seven-year collective bargaining agreement (CBA) that would carry through the 2023-2024 season, according to The Vertical’s Adrian Wojnarowski. The deal would allow for an opt-out after six years.

The new CBA will come into effect starting in the 2017-2018 NBA season, once finalized. Both the NBA and NBPA have an opt-out for December 15th on the current CBA, but the new agreement is expected to be finalized before that opt-out.

Wojnarowski notes that both sides have agreed on the major provisions of the deal, but are still working out some minor details. The final agreement is expected to become finalized within the next several weeks.

The major provisions of the deal include a change to the 36-and-over rule that prevents players from signing a full maximum contract after reaching their 36th birthday. The new CBA will increase the age threshold to 38. There will also be raises in rookie scale contracts, mid-level exceptions and the veteran’s minimum to benefit players. ESPN’s Marc Stein reports that the mid-level exception will land around $8 million, up from the previous mark of $5.6 million.

The player-owner split in league revenue will remain unchanged with both parties pocketing between 49 and 51 percent of earnings in the new CBA, according to The Vertical. The NBA has also backed off on their attempts to institute a two-and-done rule. The current one-and-done structure will stay.

One of the more interesting reported changes is the addition of two-way contracts, allowing teams 16 or 17 roster spots and also allowing them to pay players differently based on their assignment to the D-League or with a parent team.

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