Although many “B-level” issues remain to be resolved, this tentative agreement provides the framework for what will become the new CBA. The changes in the tentative agreement represent sweeping changes to the NBA’s economic system. Here is a summary of the principal deal points as they relate to the 2005 CBA.

Length of the agreement

• 2005 CBA: Seven years, with a league opt-out in 2011 (which the league invoked).

• 2011 CBA: Ten years, with a mutual opt-out (either side can opt out) in 2017.

• Who benefits? While it is encouraging to think that we won’t have to witness another lockout until 2022, in all likelihood one side will invoke its option in 2017 to reopen labor negotiations. Since right now this deal appears to greatly favor the owners, it is reasonable to think the players will opt out — especially since the national TV contracts are up for renewal in 2016, and the league expects an injection of new revenue. But this may not turn out to be the case — the 2005 CBA was thought to favor the league, as well.

via Larry Coon of ESPN