The NBA and the National Basketball Players Association agreed in principle early Saturday to a new collective bargaining agreement, the parties said, giving the league a long period of assured labor stability as it heads into a new round of media rights deals on the horizon.
The seven-year agreement—which still needs to be ratified by players and team governors—will go into effect at the start of the 2023-24 season, according to people familiar with the negotiations. It includes a mutual opt-out after its sixth year and includes language to try to both curb the trend of top players missing games and limit the spending of the NBA’s richest teams.
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