The NBA and the National Basketball Players Association have once again reached an agreement to push back the 60-day window giving each side the right to terminate the league’s current Collective Bargaining Agreement, reports ESPN’s Adrian Wojnarowski (via Twitter). According to Wojnarowski, October 15 is the new deadline for modifications to the CBA for 2020/21.
The NBA and NBPA first agreed to push back the Collective Bargaining Agreement termination deadline in May. The agreement gives the two sides more time to make the necessary adjustments to the CBA for the 2020/21 season to account for the impact of the coronavirus pandemic.
As Wojnarowski explains (via Twitter), an October 15 deadline will allow the NBA to complete the current season and should give the two sides a chance to make more informed decisions for the future based on the 2019/20 end-of-season revenues.
The pandemic has resulted in NBA revenue losses for this season and will affect its projected revenues going forward. However, there’s still optimism that the league and the players’ union can reach agreements on temporary changes to the Collective Bargaining Agreement and figure out next season’s salary cap without requiring the “nuclear option” of terminating the CBA, tweets Woj.
“Extending is an easy call,” NBPA executive director Michele Roberts told ESPN (Twitter link). “If everyone continues to be well-intentioned on how we deal with the economic effects of this virus, we’ll just make the appropriate adjustments and there won’t be a need to terminate the CBA at all.”
While the 2020/21 season presents a number of logistical and financial challenges on its own, teams will also hope to get some clarity this fall on what the salary cap might look like in 2021/22, ESPN’s Bobby Marks notes (via Twitter). The Jazz, for example, will have the opportunity to extend Rudy Gobert this offseason, but a new deal for him would go into effect in ’21/22 and his first-year salary would likely be based on a percentage of the cap.