The NBA and National Basketball Players Association are working on a seven-year extension to the Collective Bargaining Agreement, with a mutual opt-out in six years.
The seven-year deal could potentially deliver the NBA labor peace through the 2023-24 season, unless the opt-outs are exercised in 2022.
The new CBA will begin with the 2017-18 season. While an agreement isn't fully complete, the two sides have agreed upon most of the major issues.
The previous CBA, agreed upon in December of 2011 after a lockout, was a 10-year deal with an opt-out after five seasons.