NBA, NBPA officially sign new 7-year CBA
Jose Mendez/EFE / USA TODAY Sports
The NBA and NBPA have officially signed a new seven-year collective bargaining agreement that will run through the 2023-24 season.
Both parties have the ability to opt out at the conclusion of the 2022-23 season provided they give notice by Dec. 22, 2022.
The new agreement will take effect on July 1, 2017.
The two sides reached a tentative agreement back in December, ratifying the deal later in the month.
Related: 8 noteworthy provisions reportedly going in the NBA's new CBA
While elements of the new agreement will remain the same, changes include a shorter preseason, two-year contracts, longer designated-player extensions, and salary increases across the board.