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NBA, NBAPA complete and sign new CBA that will run through 2029-30 season

Signed. Sealed. Delivered.

The NBA and the NBAPA have completed and signed a new Collective Bargaining Agreement, the two sides announced Wednesday.

The 676-page agreement has been shared with all 30 teams. It goes into effect on Saturday and will run through the 2029-30 season.

“The National Basketball Association and the National Basketball Players Association announced today that the final long-form version of the new Collective Bargaining Agreement has been completed and signed,” the NBA said in a statement. “The terms of the new CBA had previously been reflected in a shorter-form memorandum of agreement.”

The agreement comes less than 48 hours from the start of free agency. The league and players’ association had agreed in principle on a new deal in the early hours of April 1, according to the Associated Press.

The two parties then voted separately to approve on a new deal and later worked weeks to complete the writing of the actual agreement.

The new CBA introduced The In-Season Tournament, or ‘The IST’ as it’s nicknamed in the CBA, that will feature all 30 teams and take place on two designated days per week during the first two months of the regular season.

The tournament would begin with a group stage with eight teams advancing to the knockout rounds. Semifinal and final games are played at a neutral site. Players on the winning team win $500,00 each. Runner-ups receive $200,000 each. Semifinalists win $100,000 apiece and quarterfinalists get $50,000.

The new CBA allows NBA players to invest in WNBA teams.

New restrictions are now placed on high-spending teams. The league’s wealthiest franchises will be discouraged to shell out huge cash with the NBA implementing the second apron. Teams that exceed the second apron are unable to use the taxpayer’s mid-level exception to sign free agents.


Source: Berkshire mont

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