NBA, NBPA ratify new collective bargaining agreement

The NBA Board of Governors and NBA players ratified the new Collective Bargaining Agreement on Wednesday, a seven-year deal that will start on July 1 and run through the 2029-30 season.

Both sides had agreed to the CBA earlier this month. It features a number of major changes, including an in-season tournament where players on the winning team would each earn $500,000. There will also be a new luxury-tax level, preventin