BREAKING: NBA, NBPA have reached tentative agreement on new CBA

The Vertical's Adrian Wojnarowski has reported the NBA and National Basketball Player's Association (NBPA) have tentatively reached an agreement on a new Collective Bargaining agreement (CBA).

The agreement, which Wojnarowski reports is only awaiting the formal ratification process, should be finalized later this evening, with a joint announcement from the NBA and NBPA forthcoming after ratification. The new CBA, which reportedly hit an eleventh-hour snag just a few days ago, will prevent a lock-out similar to that which occurred during the shortened 2011 season. This eventuality was widely regarded to be the most likely outcome given the league's significant rise in both popularity and revenue in recent years.

Several key components rumored to be in the new CBA may impact the Boston Celtics, including a rumored expansion of the NBA D-League and two-way contracts, potential expansion teams, and tweaks to when and how free agents can be signed. At present, details are still unknown, but in the coming day or two will be available upon the new CBA's ratification.

Stay tuned for details on this emerging story.

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