The NBA and union share a Dec. 15 opt - out date on the current 10 - year labor agreement .
The sides are nearing completion on a new agreement that 'll be finalized within weeks , league sources said .
The NBA and union share a Dec. 15 opt - out date on the current 10 - year labor agreement , but the sides are nearing completion on a new agreement that 'll be finalized within weeks , league sources said .