The NBA has reached an agreement with the National Basketball Players Association to extend the 60-day window until September that preserves the league`s right to terminate the collective bargaining agreement in the wake of the coronavirus pandemic, sources told ESPN. 8:46 p.m.: An NBPA statement addressed to Charania (Twitter link) suggests an optimistic tone about the negotiations: “Each of us has an interest in doing what is right, what is best for our business and what respects the rights and interests of all concerned. We are confident that we will get there. The NBA and the National Basketball Players Association announced Tuesday that they have agreed on the principle of starting the 2020/21 season on December 22 and adapting specific provisions to the current collective agreement, affected by the coronavirus pandemic. If the league and the union continue to negotiate on these issues until the end of Monday, it is a sure bet that the CBA`s closing period will be extended by a few more days. However, an agreement is expected to be reached before the end of next week, with the November 18 draft rapidly approaching. The NBA and the players` union have agreed on the principle of the start of the 2020/21 season, as well as an amended collective bargaining agreement, the two sides said Monday night. The NBA Collective Bargaining Agreement (CBA) is a contract between the National Basketball Association (the commissioner and the 30 team owners) and the National Basketball Players Association, the players` union, which imposes rules on player contracts, trades, sales distribution, the NBA draft and the salary cap. In June 2005, the NBA CBA ended, which meant that the league and the players` union had to negotiate a new contract; In light of the NHL`s 2004/2005 blockade, the two sides quickly reached an agreement and ratified a new CBA in July 2005. That contract expired after the 2010/11 season, which led to the NBA`s ban in 2011. In December 2011, a new CBA was ratified, ending the lockout.  Late last week, the union voted to provisionally approve the league`s plan to play a 72-game game plan for next season, starting December 22. At the time, the NBPA Players` Representatives Committee said that some details remained to be negotiated, but they were confident that an agreement would be reached on these remaining issues.
According to the revised schedule, the regular season ends in mid-May, with the playoffs ending in July. This will allow players to participate in next year`s Summer Olympics, which will begin on July 23 and run until August 8. If the league and the players` union move forward with the NBA`s December 22 plan, training camps will begin on December 1 or around December 1, so the two sides will have to reach an agreement sooner rather than later.