The National Basketball Referees Association and the NBA have finally reached a tentative agreement for a new seven-year deal. The deal, once ratified, will run through 2022, according to sources.
More than 60 members of the Association shall be meeting in Chicago on Thursday. The prime agenda of the meeting is to vote on the final ratification of the contract, sources revealed.
Background Of The New Deal
The NBA and the NBRA began talks one year prior to the termination of the existing collective bargaining agreement. They are on the verge of replacing the final year of the old agreement with the terms of the fresh deal.
Sources revealed that substantial raises for referees and the staffing of the league’s replay center in Secaucus, N.J., with refs are included in the referees’ new deal.
With a new $24 billion television contract beginning in 2016, the League will be generating significantly more revenue. The hike for the referees is garnered by this new revenue.