NBA, Players Association reach tentative agreement on new CBA lasting through 2023-24

The NBA and National Basketball Players Association reached a tentative agreement Wednesday on a new collective bargaining agreement, the NBA and NBPA announced in a conjoint statement. The new deal, which has not been finalized, is expected to last through the 2023-24 season, giving the association a huge stretch without any work stoppages.

The Dec. 15 deadline to opt out of the current CBA with a new agreement in place has been extended to Jan. 13, allowing both sides ample time to vote on the terms once the final details are set in stone.

Some of the interesting tidbits noted thus far include a “Designated Vet” extension that will allows teams the option to offer a designated player a contract extension lasting up to six seasons, the NBPA taking control of player-likeness negotiations, an earlier start to the regular season (Oct. 17-18) and new policies and programs regarding domestic violence.

If you’re looking for a one-stop shop for some of the early details, David Aldridge has a few of the key bullet points laid out in one convenient list.

The 2011-12 season didn’t start until Dec. 25 after a long holdout between the players and owners, but both sides have seemingly come together well ahead of schedule in order to prevent another damaging break. This is great great news for basketball fans, employees of the league and teams and everyone involved with the association.

Now, we wait for the details.