The NBA and the National Basketball Players Association have come to an accord on a new Collective Bargaining Agreement that will govern league operations for the next seven years. Adrian Wojnarowski of ESPN tweeted the news late Friday evening/Saturday morning. The agreement will create an in-season tournament, set minimum limits for games played for league-wide awards, and alter trade and free agency rules.
Per Wojnarowski:
BREAKING: The NBA and NBPA have agreed on a new seven-year collective bargaining agreement, clearing the way for labor peace through this decade, sources tell ESPN. Deal includes a mutual opt-out after sixth year.