The National Basketball Association (NBA) and its players’ association (NBPA) have agreed a seven-year collective bargaining agreement (CBA) which will see the introduction of a new mid-season tournament.
- Agreement kicks in from the 2023/24 season and runs until 2030
- In-season tournament will see the number of games per season increase
- Highest-spending teams’ second salary cap apron will be US$17.5 million above the luxury tax line
- New CBA includes more spending and trade opportunities for middle and lower payroll teams, such as larger trade exceptions, as well as mutual opt-out for players after their sixth year
- Organisations at the lower end of the luxury tax will receive lighter punishment
- Number of two-way contract slots to increase from two to three per team
- Upper limit on player contract extensions has risen from 120 per cent to 140 per cent
- Players will be required to play a minimum of 65 games to be eligible for postseason awards
The newly signed CBA comes after the early opt-out deadline was extended, and will aim to address key areas such as team spending. The second salary cap apron will apply to some of the league’s highest-spending franchises such as the Golden State Warriors and Los Angeles Clippers, with the aim of levelling the playing field for lower payroll teams.
The new agreement will ensure labour peace for the elite North American basketball league and its players for the rest of the decade. The NBA’s new in-season tournament could arrive as early as the 2023/24 season, featuring group stages in November, followed by a knockout stage in December. The ‘final four’ will be staged at a neutral venue, with ESPN reporting that Las Vegas is among the frontrunners to host the event.