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NBA and NBPA agree to delay CBA cancellation window until September

Getty ImagesThe National Basketball Association (NBA) and the National Basketball Players Association (NBPA) have extended the 60-day window that preserves the league’s right to terminate the collective bargaining agreement (CBA) as a result of a force majeure event until September, according to ESPN. With the league suspended due to the coronavirus pandemic, the extension prevents the NBA from attempting to solve its mounting economic issues by cancelling the CBA, which it could have done within two months of the 11th March halt in play. Coronavirus: News, views and insights during the Covid-19 pandemicNBA commissioner Adam Silver told the NBPA membership during a recent conference call that "this CBA was not built for an extended pandemic", as he laid out the league's gloomy financial forecast. "There's not a mechanism in it that works to properly set the cap when you've got so much uncertainty; when our revenue could be US$10 billion or it could be US$6 billion. Or less," said Silver, according to widespread reports. The NBA's current CBA, which sees basketball revenue shared 51 to 49 in favour of the league, runs through the 2023/24 season, with a mutual opt-out available after the 2022/23 season.

Read more at:
https://www.sportspromedia.com/news/nba-coronavirus-silver-cba-season-cancelled

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