Some agents expect the NBA to opt out of the current collective bargaining agreement by using the force majeure provision due to the economic impact of the pandemic.
“I’m telling all my clients to opt in,” another agent said. “Although they won’t tear up the CBA if we actually have basketball this summer, they will want to make changes to BRI based on the overall losses.”
The NBA owners went from receiving 43 percent of revenues to anywhere between 49 and 51 percent of revenues with the 2011 lockout.
The NBA extended its current CBA with minimal changes in 2016 and runs through 23-24 with a mutual opt-out after 22-23.