Adam Silver confirmed a report that there's optimism of the NBA and NBPA agreeing upon a new collective bargaining agreement within the next few weeks.

The NBA's current CBA was agreed upon in 2011 and was a 10-year deal but had an opt-out clause for either party after five years.

“In terms of our present bargaining discussions with the players, I’d say they’re going very well and there’s been a great sense and spirit of cooperation across the table and desire to move forward,” Silver said.

“There’s a sense from both the owners and the union management that there is a lot at stake here and I think everyone’s feeling the pressure from all the constituents involved in this league for all the jobs that we provide that it’s incumbent upon us to work something out and get a deal done.”

Since the last talks in 2011, Adam Silver replaced David Stern as commissioner and Michele Roberts replaced Billy Hunter as executive director, which has fostered a better spirit of cooperation. The NBA is also in much better shape financially due to their new television agreements and the rise in franchise valuations following Steve Ballmer's purchase of the Clippers.

“I’m not going to put any more specific timetable on it than that,” Silver said, “but that we continue to meet. In fact, the head of the Players Association, Michele Roberts, was in Spain, where I just came from, where she was accompanying the Oklahoma City Thunder.  We had an opportunity to speak there as well. So we continue to be engaged on a regular basis. I remain optimistic that we’re going to get something done relatively soon.”