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Average NBA Salary Hits $8.5 Million in New Labor Deal

  • Revenue share stays evenly split as overall pot skyrockets
  • Players to get more rest between games, control licensing
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Source: Getty Images
Corrected

The National Basketball Association and its players union have tentatively agreed to terms on a new seven-year labor agreement, according to people familiar with the talks.

Owners and players have agreed to extend the deadline for either side to cancel the current contract to Jan. 13, in order to give each side time to review and approve the deal. Some of the league’s biggest stars, including Chris Paul, LeBron James, Stephen Curry and Carmelo Anthony, lead the union’s executive committee.