8:17 PM ET
For the third time since May, the NBA and National Basketball Players Association are extending a negotiating window that preserves each side’s rights to terminate the collective bargaining agreement due to the pandemic, sources told ESPN on Thursday.
The NBA and NBPA agreed on a new Oct. 30 deadline to complete ongoing discussions on modifications to the CBA for the 2020-21 season, a date that requires the league or union to provide 45 days’ notice if either decides to terminate the CBA — a scenario that sources continue to believe is a remote possibility.
Talks between the NBA and union have been productive on making the necessary financial allowances on 2020-21 salary-cap and luxury-tax thresholds to account for the massive losses in revenues from the pandemic, sources said. There remains uncertainty surrounding the league’s ability to have full or partially full arenas with fans next season.
Ongoing talks are centering on increased escrow taken from players’ salaries, sources said. The league and union are still awaiting full audits on the Basketball Related Income that accounts for the league’s 51-49 revenue split with players.
The NBA and NBPA are working on a resetting of