Report: NBA, players agree to extension

Ashish Mathur

There will be no lockout, there will be no strike. For NBA fans everywhere, that is a slam dunk of good news.

Per a breaking report from Yahoo Sports:

"The NBA and National Basketball Players Association are working on a seven-year extension to the Collective Bargaining Agreement, with a mutual opt-out in six years, league sources told The Vertical."

Yahoo added:

"The seven-year deal could potentially deliver the NBA labor peace through the 2023-24 season, unless the opt-outs are exercised in 2022, league sources told The Vertical. The new CBA will begin with the 2017-18 season."

NBA commissioner Adam Silver and union chief Michele Roberts had been talking confidently about a new deal for some time. Now, it appears they are sticking to their word.