NBA reaches seven-year labor agreement with players' union

NBA reaches seven-year labor agreement with players' union

When was the last time you saw any labor contract — not just the NBA, not just pro sports, but in any business — get done before either side could opt-out, let alone the actual deadline?

That’s what happened with the NBA’s new Collective Bargaining Agreement (CBA). The teams had until Dec. 15 of last year to opt out, with the real deadline for a new deal being July 1 of this year. Yet the two sides reached a deal before either side even opted out.

Thursday the NBA and National Basketball Players’ Association announced that the new CBA had been signed. It’s a seven-year deal that kicks in July 1.

Click here for the complete story.