NBA, players reach tentative agreement on labour deal
MIAMI — The NBA and its players have agreed to keep the most lucrative era in league history rolling.
The sides agreed Wednesday in principle on a new collective bargaining agreement, one that could last up to seven years and needs now only to be ratified by players and owners in the coming weeks. The deal was struck a day before the sides faced a deadline for opting out of the current deal.
If approved by votes of players and owners — likely to be formalities — there will be no lockout next summer and no labour issues for years to come.
“It’s amazing. I’m excited,” union president Chris Paul of the Los Angeles Clippers said. “I’m happy for our fans, the owners involved. It’s a great thing.”