The NBA and NBPA have come to an agreement in principle on a new, seven-year collective bargaining agreement. This of course means that there will not be a labor stoppage, despite the influx of new money with the new television money pouring into the league.
The news was first reported by Adrian Wojnarowski of The Vertical. The agreement was always announced a press release.
The NBA and NBPA have reached an agreement in principle on a new 7-year CBA, league sources tell @TheVertical.— Adrian Wojnarowski (@WojVerticalNBA) December 15, 2016
There have been rumblings that a deal would be accomplished for awhile now, but when the salary cap initially spiked many felt a lockout would be inevitable. This is tremendous news for NBA fans as it means that we can continue to enjoy basketball without fear of being forced to scramble for substitute entertainment in the fall.
The details have not been disclosed at this point. But it was indicated earlier in the week that the CBA include a shorter preseason, with the intention to start the season earlier and reduce the number of back-to-backs.
As the details come out we will have more information. But the good news for now is the threat of a lockout is no more.