The NBA and NBPA have agreed to sign a new seven-year Collective Bargaining Agreement, according to ESPN’s Adrian Wojnarowski.

That means the rest of the 2020s is spent between the league and the players’ union. The new CBA will have a mutual opt-out after the sixth year and will begin in the 2023-24 season, when the current CBA is scheduled to end.

The two sides initially agreed to extend Friday’s early withdrawal deadline before a new deal is reached. Wojnarowski earlier reported that a new deal was imminent. The league confirmed the new Agreement early Saturday, with governors and NBA players expected to ratify it in the coming weeks.

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Details of the new CBA between the NBA and the Players Association

Some of the details regarding the new collective agreement were released by ESPN’s Adrian Wojnarowski. Here are some of the new provisions of the last collective agreement:

1. The NBA will seek to bring parity between teams. High-spending teams will have a second salary cap of approximately $17.5 million above the luxury tax line. Teams that exceed the second salary cap deck will no longer be able to use the mid-tier tax player during free agency.

2. Load management has been an issue in the league for the past few seasons. The fans are starting to be unhappy with the seated players even though they are uninjured. The New ABC now has a 65-game played tenure for stars looking to win major individual awards towards the end of the season.

3. The NBA will introduce a new in-season tournament that will likely start next season. It will be played in November and the “cup games” will be included in the 82-game regular season. Eight teams will advance to the Round of 16, while the two finalists will have an additional regular season game on their schedule.

4. All-Star players would benefit from the new rule regarding upper extension limits. The new CBA is now at 140% compared to the 120% increase of the last transaction. Some of the players who are expected to benefit from the new arrangement include Boston Celtics’ Jaylen Brown and Sacramento Kings’ Domantas Sabonis.

5. Teams now have additional two-way contract slots, from two to three. Two-way contracts have been a hit, especially for teams with a knack for finding hidden gems among undrafted free agents and the G League.

6. In what could be great news for players like Kevin Durant, the use of marijuana is no longer prohibited under the new collective agreement. The drug was already removed from the league’s testing program in 2019, but it looks like there won’t be any more restrictions in the future.

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