CBA opt-out decision moved to same week as NBA trade deadline

The NBA and its players' union agreed to extend the deadline to give notice of their intent to opt out of the collective bargaining agreement.

The deadline to opt out had been Thursday. The deadline is one day away.

In a statement, the league and union said that they are trying to reach a new agreement. If either side opts out of the agreement, it will end on June 30, putting the NBA at risk of a work disruption.

The NBA is considering an upper spending limit that would replace the luxury tax with a hard limit, according to sources. The league's effort is in response to the large-market teams running up huge payrolls and luxury tax penalties.