NBA, players union nearing agreement on new CBA

The NBA and National Basketball Players Association have made significant progress toward a new Collective Bargaining Agreement, and there is strong optimism among officials on both sides that a deal could be finalized in the next several weeks.

The NBA and NBPA each have until Dec. 15 to exercise an opt-out clause of the current 10-year deal that was reached in 2011, but sources on both sides believe that a new deal will be in place prior to that date.

An agreement will eliminate the possibility of a work stoppage in 2017.