NBA, players reach tentative agreement on labor deal

The NBA and NBPA have reached a tentative agreement on a new Collective Bargaining Agreement, pending ratification by players and team owners.

In order to give both sides enough time to review the terms of the agreement and vote to ratify, the parties have agreed to extend the mutual deadline to opt out of the existing CBA from Dec. 15, 2016, to Jan. 13, 2017.

Three people briefed on the terms said the deal extends for seven seasons, with an opt-out possible after six.

If the deal is ratified, the season will start a week earlier, preseason games would be capped at six and one of the most dreaded elements of the schedule may be eliminated.

Other details of the new proposed CBA include increases in values of rookie-scale contracts, minimum salaries and exceptions, with a 45 percent increase in minimum salaries across the board in the first year of the new agreement.