NBA commissioner Adam Silver suggests no-deal by opt-out deadline will lead to league pulling out of the current CBA

The NBA's Collective Bargaining Agreement is nearing its expiration. Commissioner Adam Silver recently hinted that the league could take advantage of a mutual opt-out clause if a deal is unable to be reached by Friday.

According to Shams Charania, despite expressing optimism that a deal can be completed, Silver signaled as much while speaking with the media Wednesday:

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"Silver said today that he is hopeful of a new Collective Bargaining Agreement by Friday's mutual opt-out deadline – but said if there is no deal, the league intends to opt out of the current CBA in June."

Check out Shams Charania's tweet on Adam Silver's comments below:

Shams Charania

@ShamsCharania

Silver said today that he is hopeful of a new Collective Bargaining Agreement by Friday's mutual opt-out deadline – but said if there is no deal, the league intends to opt out of the current CBA in June.

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Silver said today that he is hopeful of a new Collective Bargaining Agreement by Friday's mutual opt-out deadline – but said if there is no deal, the league intends to opt out of the current CBA in June.

NBA Players Association executive director Tamika Tremaglio responded to Silver's comments by stating:

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"The March 31st deadline is an important benchmark, and we are doing everything in our power to reach an agreement with the league. If we don't have a deal and the league decides to opt out, it will be disappointing consindering all the work both sides have put into the negotiations and the fair nature of our requests.

"As far as our fans are concerned, it will be business as usual. Games will continue uninterrupted. The NBPA, however, does not intend to opt out."

Check out comments from NBPA executive director Tamika Tremaglio below:

Shams Charania

@ShamsCharania

Statement from NBPA executive director Tamika Tremaglio following NBA commissioner Adam Silver's press conference today:

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Statement from NBPA executive director Tamika Tremaglio following NBA commissioner Adam Silver's press conference today: https://t.co/T79TbdFjFK

It is unclear what is currently preventing the sides from reaching an agreement. While the 2022-2023 season will not be affected, the league opting out of the current CBA could lead to a lockout if the sides are unable to reach a new deal. The NBA has not faced a lockout since the 2011-2012 season.

Adam Silver shares Michael Jordan will remain in prominent role if he sells majority stake in Hornets

ESPN's Adrian Wojnarowski recently revealed that Michael Jordan could be looking to sell his majority stake in the Charlotte Hornets.

Adrian Wojnarowski

@wojespn

ESPN Sources: Charlotte Hornets owner Michael Jordan is engaged in serious talks to sell a majority stake in the franchise to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall.

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ESPN Sources: Charlotte Hornets owner Michael Jordan is engaged in serious talks to sell a majority stake in the franchise to a group led by Hornets minority owner Gabe Plotkin and Atlanta Hawks minority owner Rick Schnall. https://t.co/jg03W25s49

NBA commissioner Adam Silver shared that even if Jordan sells his majority stake, he will remain in a prominent role, according to ESPN's Tim Bontemps, who stated:

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"Adam Silver says Michael Jordan has indicated to him that if he sells his majority stake in the Hornets, he will remain an alternate governor and will still have an active interest in the future of the league and will be part of it going forward."

Check out Tim Bontemps tweet below:

Tim Bontemps

@TimBontemps

Adam Silver says Michael Jordan has indicated to him that if he sells his majority stake in the Hornets, he will remain an alternate governor and will still have an active interest in the future of the league and will be part of it going forward.

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Adam Silver says Michael Jordan has indicated to him that if he sells his majority stake in the Hornets, he will remain an alternate governor and will still have an active interest in the future of the league and will be part of it going forward.

Jordan initially bought into the Hornets ownership group in 2006. Four years later, he spent $275 million to become the franchise's majority owner. Jordan sold 20% of the franchise for $300 million in 2020. The Hornets are currently valued at $1.77 billion.

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