The NBA owners and players are close to finalizing a new collective bargaining agreement.

The two sides met on Wednesday with Adam Silver and Michele Roberts leading talks over several months.

The owners and players believe a finalized deal is inevitable within the next few weeks, with sides already agreeing upon most of the major issues in the deal. Some of the smaller provisions still need to be agreed upon.

The NBA and its union will avoid a possible work stoppage in 2017.

Among the principles in agreement, the NBA’s Basketball Related Income (BRI) split will remain unchanged in a new agreement, league sources said. The players receive a share in the range of 49 to 51 percent of the current BRI.