There are already concerns that the NBA could be heading toward a work stoppage in 2017 when both the owners and players have the ability to opt out of the current collective bargaining agreement.

"Believe it or not — I can't speak for the union or anything — but it's not something I'm talking to teams about yet," Adam Silver said. "I think it's premature."

The NBPA recently rejected the owners' proposal to smooth out the rising salary cap.

"We're operating under the current CBA and building stage," Silver said. "There will be a time for that but (now) it's premature."

Adidas has dropped its bid to extend their deal to supply uniforms to the NBA, which means 2017 will be their final season.

Adidas is reconsidering its basketball plans and will instead focusing on developing new products, endorsing more amateur teams and doubling its roster of NBA players.

Adidas signed an 11-year deal in 2006 worth $400 million.

Chris Grancio, Adidas' global basketball general manager, said the deal hasn't been as lucrative as hoped.

Grancio said he had "no idea" about whether Nike or Under Armour have bid on the deal. He said Adidas' decision was made independent of the bids of other parties.

The NBA has never been in a healthier financial state coming out of a CBA negotiation that benefitted the owners and a new television contract pending worth $24 billion over nine years.

The NBPA rejected the NBA's smoothing proposal for the salary cap and the sides could be destined for a labor dispute in 2017.

Valuations of teams have risen in recent years with the Los Angeles Clippers selling for $2 billion and the Atlanta Hawks being close to a $1 billion sale.

But the NBA somehow is not profitable for all 30 teams.

"The NBA, meanwhile, has independently-audited financial records to show a number of teams are losing money," writes Michael McCann.

The NBA has released a statement that the union will not agree to cap smoothing.

The league proposed cap smoothing, which "would have avoided a substantial salary cap spike in 2016-17."

The total amount made to the players would not have been impacted by cap smoothing.

With the NBA's new national television deal kicking in for the 16-17 season, the cap will increase significantly in the 2016 offseason

The NBA, NCAA and National Association of Basketball Coaches have joined forces to offer a proposed solution to prevent underclassmen from leaving early for the draft if they aren't assured of being a high pick.

The withdrawal date would be moved to late May, which is nearly five weeks later than the current late-April date.

"This may be one of the best things the NABC has ever done," said John Calipari.

The current deadline to declare for the draft would remain in late April, as stated in the collective bargaining agreement between the league and the players association (this year's deadline is April 26). The official withdrawal date of 10 days prior to the draft (mainly for international players) would not change.

If the proposal is accepted, underclassmen would be able to participate in a new, invitation-only combine in mid-May that would enable NBA teams to evaluate players and then offer feedback on their draft prospects.

At least one group bidding on the Atlanta Hawks is prepared to pay in excess of $900 million for the franchise.

Mark Rachesky, chairman of Lionsgate Entertainment, has emerged as the most recent bidder for the Hawks.

Rachesky is not known to have previously expressed interest in purchasing a sports franchise, but he is regarded as a protégé of activist investor Carl Icahn.

Groups and individuals interested in the buying the Hawks, as well as the team's current ownership, were required to signed nondisclosure agreements which prevent them from commenting on the sale process.‎

The Hawks were valued in 2014 by Forbes at $425 million, but that figure was circulated before Steve Ballmer's purchase of the Clippers for a staggering $2 billion in a bidding process.

The Brooklyn Nets are receiving interest in selling their franchise to parties from the United States and abroad.

Chinese conglomerate Fosun and the Qatari government’s investment fund have signaled an interest in buying the Nets from Mikhail Prokhorov.

David Geffen is also interested one year after he was unsuccessful in purchasing the Los Angeles Clippers.

Dick Parsons, who was interim CEO of the Clippers, also has interest. Parsons would need to line up investors.

The NBA hasn’t given Prokhorov clarity on whether he can sell his 80 percent stake in the team separately from his 45 percent stake in the Barclays Arena, where the Nets play, said one banker close to the sale process.

The league requires an owner to sell the same ratio of team and arena ownership as he originally bought, although it can waive that rule.

Sports Business Journal reported the NBA told Prokhorov he had to sell both. 

Some believe the NBA wants the Nets to wait until the Atlanta Hawks are sold.

Michael Jordan has made the Forbes Magazine list of the richest people in the world with an estimated net worth of $1 billion.

Jordan qualifies as the 1,741st richest person in the world.

It is believed that Jordan makes more than $100 million a year off royalties from his Nike Air Jordan line, though his business manager Estee Portnoy has never confirmed those numbers. 

In March 2010, Jordan agreed to buy 80 percent of the Charlotte Bobcats on a valuation of about $275 million. Jordan's stake increased to 89 percent in 2013 and the Charlotte Hornets are now worth more than $700 million.