The NBA and NBPA met on Tuesday to discuss the collective bargaining agreement.

The NBA released the following statement:

"Earlier today the NBA and NBPA met to discuss the Collective Bargaining Agreement. Meeting participants included NBPA Executive Director Michele Roberts, NBA Commissioner Adam Silver and representatives of the NBA Labor Relations Committee and NBPA Executive Committee as well as league and union staff.

"It was a preliminary meeting that included constructive dialogue, and we agreed to continue our discussions."

Either party can exercise an opt out of the current CBA by giving notice by December 15th, 2016.