The NBA and the National Basketball Players Association (NBPA) have come to an agreement on a new seven-year collective bargaining agreement (CBA). The new agreement, which will be in effect through the 2029-30 season, includes several significant changes and improvements for players.
Under the new CBA, players will see an increase in their share of basketball-related income (BRI), rising from 51% to 52.5%. This means that players will receive a larger portion of the league’s revenue, which is expected to be higher than ever following a successful 2020-21 season despite challenges posed by the COVID-19 pandemic.
The agreement also includes changes to free agency rules, with players now eligible to sign extensions after their second season in the league, rather than waiting until their fourth season. This will allow players to secure long-term contracts earlier in their careers and provide greater stability and security for both players and teams.
In addition, the new CBA will increase the minimum salaries for players, with rookies and veterans alike set to receive higher paychecks. This change is expected to benefit lower-paid players who may be struggling financially and provide them with greater financial security.
The agreement also includes provisions to promote player health and safety, with new protocols and guidelines to address issues like rest and injury management. These changes are designed to reduce the risk of injury and ensure that players are able to perform at their best over the course of a grueling 82-game season.
Overall, the new CBA represents a significant win for players and provides greater financial security, stability, and safety for the league’s athletes. With the NBA continuing to grow in popularity and revenue, this agreement is expected to help drive continued success and growth for the league in the years ahead.