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The NBA has pushed back a 60-day window to September that allows the League to preserve the Collective Bargaining Agreement, ESPN’s Adrian Wojnarowski reported early Monday morning.
The NBA and NBPA reached an agreement to extend through September the 60-day window that preserves the league’s right to terminate the Collective Bargaining Agreement in the wake of the pandemic, sources told ESPN. The original 60-day window was closing early this week.
— Adrian Wojnarowski (@wojespn) May 11, 2020
The original window, as Woj states, was set to expire. This is really just a move by the League to make sure the CBA doesn’t expire during the coronavirus pandemic. The CBA isn’t built for elongated stoppages. This gives the NBA a chance to see how bad the impact is on finances.
Pushing back the deadline allows for the league and union to gather a clearer picture of the economic losses and bargain on a number of crucial financial issues, including salary caps and luxury tax thresholds. Story soon on ESPN dotcom. https://t.co/9UIHiObMD0
— Adrian Wojnarowski (@wojespn) May 11, 2020
Adam Silver held a press conference last Friday that outlined some of the plans the NBA is taking to return to play. It doesn’t appear we’re closer to getting basketball but there weren’t any negative reports on practice facilities returning last week. We should see more teams return to practice this week.
Silver on NBPA call Friday: “This CBA was not built for an extended pandemic. There's not a mechanism in it that works to properly accept a cap when you've got so much uncertainty; when we'd be going (into) next season saying, “Well, our revenue could be $10B or it could be $6B.”
— Adrian Wojnarowski (@wojespn) May 11, 2020