Update 3:
Both the owners and the players have reportedly ratified the new NBA CBA. This means that the agreement is now official.
AP Sources with @ByTimReynolds: NBA owners unanimously approve CBA
— Jon Krawczynski (@APkrawczynski) December 21, 2016
NBA players have ratified the collective bargaining agreement, making the deal between the league and NBPA official, I've been told.
— Jeff Zillgitt (@JeffZillgitt) December 23, 2016
Update 2:
Pending votes from the players and owners (seen as a formality), the NBA and NBPA have agreed on a 7-year CBA.
NBA and NBPA have reached a tentative agreement on a new Collective Bargaining Agreement, pending ratification by players and team owners. pic.twitter.com/oKMgOQ4qfx
— Rob Lopez (@R0BaTO) December 15, 2016
Update 1:
Marc Spears of ESPN and the Undefeated is reporting that the two sides have reached agreement on a new CBA.
ESPN’s The Undefeated has learned the NBA labor agreement term sheet is done and is pending ratification. Joint statement coming soon.
Original Story Follows:
Positive signs are emerging for the NBA and the players’ union. Despite worries that a new collective bargaining agreement would not be agreed upon before Thursday’s deadline for either side to opt out of the current NBA CBA, it appears that things are looking up.
According to ESPN’s Marc Stein and Ian Begley, there is optimism that a new deal will be agreed upon as early as Wednesday night.
Story going online now with @ianbegley: ESPN sources say that a new labor pact is indeed on course for completion before Thursday's deadline
— Marc Stein (@ESPNSteinLine) December 14, 2016
The looming deal between the NBA and the Players Association, sources tell @IanBegley and me, could be struck as early as Wednesday night.
— Marc Stein (@ESPNSteinLine) December 14, 2016
Initial concerns were raised when Carmelo Anthony stated that it would take a miracle for the deal to be done by Thursday. It was reported that the main issue was the licencing rights to player likenesses.
It appears that that miracle occurred and we will have a new NBA CBA without any more snags. This means that there will be no lockout following the season, which is a win for the NBA, the NBPA, and fans alike.
We will keep you updated on the situation as more details emerge.
