Despite the continuous positive meetings between team owners, the NBPA, and the NBA, a new Collective Bargaining Agreement has yet to be reached.

But even with some delay, Commissioner Adam Silver gave an update on where their talks have brought them so far.

Silver continued his statement with a lot of optimism and admitted that there has been significant progress and gave an idea when it will be finalized. Per ESPN's Mike & Mike:

“I think we've had very productive meetings … both sides came to the table with a spirit of partnership, with a sense that things are going very well in the league right now. As I just mentioned, we've had a huge influx of money because our new television deals and I think both sides understood that we would both be blamed if we screwed this up, given the amount of money we were dividing between the teams and the players.

“The conversations have been productive. We're not finished, yet, but I think we're close to an understanding on the key issues. There's a few weeks of negotiating left to happen, but I feel really good about it. I think Michele Roberts, who came in to run the players' association, I think she approached it the same way as her star players, you know, let's get down to business; let's focus on what's best for the league, for our fans, the players, so I'm fairly confident we're going to get that done in the next month.”

The commissioner's updates are very promising and coming up with the new CBA before December 15th of this year will mean a win-win situation for all parties involved as there will be no work stoppage.

There is also extra motivation for a deal to be struck immediately as the money that has been flowing in from the new TV deal is up for grabs and with only the percentage of the shares to be discussed.