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NBA, NBPA Close To Agreeing Deal For New CBA

NBA, NBPA Close To Agreeing Deal For New CBA

The NBA and the National Basketball Players Association (NBPA) have been in negotiations for a new collective bargaining agreement (CBA) for some time, but according to reports, the pair are close to agreeing to a deal.

The current CBA, which has been in place for seven years, is set to expire after the 2023-24 season, and the two parties have until March 31 to either come to a new agreement, have one side opt-out, or extend the process again.

Reports suggest that the NBA and the NBPA are making significant progress towards a new agreement, with the NBPA informing the NBA that it intends to complete a deal in March.

Commenting on the negotiations, a source told The Athletic: “We want to finish this deal soon and certainly want this wrapped up before the (March 31) deadline.”

“It’s close — we need to dot the I’s and cross the T’s,” they said.

One of the key topics being discussed is new luxury-tax tiers and rates, where the current tax rate is US$1.50 for every dollar between US$0 and US$4,999,999 over the cap and $1.75 for every dollar between US$5 million and US$9,999,999 over the cap.

The NBA and the NBPA are also discussing lowering the age eligibility for the draft to 18 years old.

The union is reportedly pushing for conditions that would facilitate veteran players providing tutelage and orientation to the high schoolers entering the league, which could help young players adjust to the NBA faster and make the transition from amateur to professional basketball smoother.

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