The NBA and NBPA reached an agreement to extend through September the 60-day window that preserves the league’s right to terminate the Collective Bargaining Agreement in the wake of the pandemic, sources told ESPN.
Pushing back the deadline allows for the league and union to gather a clearer picture of the economic losses and bargain on a number of crucial financial issues, including salary caps and luxury tax thresholds. Story soon on ESPN dotcom.
Silver on NBPA call Friday: “This CBA was not built for an extended pandemic. There’s not a mechanism in it that works to properly accept a cap when you’ve got so much uncertainty; when we’d be going (into) next season saying, “Well, our revenue could be $10B or it could be $6B.”
The NBA and NBPA reached an agreement to extend through September the 60-day window that preserves the league’s right to terminate the Collective Bargaining Agreement in the wake of the pandemic, sources told ESPN. The original 60-day window was closing early this week.
— Adrian Wojnarowski (@wojespn) May 11, 2020
Pushing back the deadline allows for the league and union to gather a clearer picture of the economic losses and bargain on a number of crucial financial issues, including salary caps and luxury tax thresholds. Story soon on ESPN dotcom. https://t.co/9UIHiObMD0
— Adrian Wojnarowski (@wojespn) May 11, 2020
Silver on NBPA call Friday: “This CBA was not built for an extended pandemic. There’s not a mechanism in it that works to properly accept a cap when you’ve got so much uncertainty; when we’d be going (into) next season saying, “Well, our revenue could be $10B or it could be $6B.”
— Adrian Wojnarowski (@wojespn) May 11, 2020
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