NBA and NBPA reach new collective bargaining agreement.

The NBA and NBPA have agreed on a new seven-year collective bargaining agreement, which includes a mutual opt-out after the sixth year. The deal curbs the ability of the highest-spending teams to continue running up salary and luxury tax spending while creating more spending and trade opportunities for teams at the middle and lower spectrum of spending. The NBA is also tying eligibility for postseason awards to a mandatory 65 games played and implementing an in-season tournament starting in the 2023-24 season. The upper limits on extensions have also been increased from a 120% increase on a current deal to 140%.