The CBA decision is now a day before the NBA trading deadline

The NBA and its players’ union have agreed to extend the deadline for providing notification of plans to opt out of the collective bargaining agreement to February 8, the parties announced in a joint statement Wednesday.

Prior to Wednesday’s deal, the opt-out deadline was Thursday. It now falls one day before the season’s trading deadline.

The league and union said in their statement they were making “continuous efforts to reach a new agreement.” The seven-year CBA will expire after the 2023-24 season, but if either party opts out, the agreement will expire on June 30, putting the NBA at risk of a possible layoff.

Sources told ESPN’s Adrian Wojnarowski last week that the NBA is pursuing the adoption of an upper spending limit that would replace a luxury tax with a hard limit that teams cannot exceed on paying wages. The league’s efforts are in response to big market competitors like the Golden State Warriors, Brooklyn Nets and the LA Clippers running massive payroll and luxury tax fines, according to Wojnarowski.

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