The league and its players came to an agreement early Saturday on a new seven-year collective bargaining agreement, the NBA announced. It is still pending ratification, though that process is almost certainly no more than a formality.
The deal will begin this summer and will last at least through the 2028-29 season. Either side can opt out then; otherwise, it will last through 2029-30.
Another new part of the CBA will be a second luxury tax level that, when reached, will keep teams from using their midlevel exception to sign players. That was a clear compromise, given how some teams wanted the so-called "upper spending limit" that would have essentially installed an absolute ceiling on what can be spent each season and help balance the playing field between the teams that are willing to pay enormous tax bills and those who aren't.
"We also appreciate that there is a lot of benefit to really having veterans who can bring those 18-year-olds along," NBPA executive director Tamika Tremaglio said in February during an NBPA news conference at All-Star weekend. "And so, certainly anything that we would even consider, to be quite honest, would have to include a component that would allow veterans to be a part of it as well.
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