The NBA’s new Collective Bargaining Agreement will give players the ability to invest in NBA and WNBA teams, according to sources briefed on the details of the negotiations. Here’s what you need to know:
- Players will also have the ability to promote and/or invest in betting and cannabis companies.
- The NBA and NBPA reached a tentative deal on a new CBA in the early hours of Saturday morning.
- The CBA still needs to be ratified by players and team governors before it can become official.
Game changer: The league’s new collective bargaining agreement will give players the ability to invest in NBA and WNBA teams, as well as promote and/or invest in sports betting and cannabis companies, sources tell @TheAthletic @Stadium.
— Shams Charania (@ShamsCharania) April 2, 2023
The Athletic’s instant analysis:
Significance of this development
This would be an important development for the NBA and especially in the players’ favor. NBA commissioner Adam Silver has often discussed how the league is a partnership with the players but nothing says that as much as giving them the ability to invest in the teams themselves. The mechanics of this will be very interesting to see when the new CBA is finalized.
Michele Roberts, the previous NBPA executive director, told The Athletic that one…
