The 2020 CBA extension was ratified on Friday, July 10 in the form of a Memo of Understanding. This isn’t the final text of the CBA itself, which will take a great deal of time to produce. The new CBA will run from next season (although the document contains things that apply to this season’s playoffs and offseason) through to 2025-2026. There is a mechanism to extend it for one year. Since this is an extension of the existing document, most of the changes just involve erasing a paragraph and adding a new one.
For some things, it’s simple numbers that have changed.