The NBA and NBPA have reached an agreement to extend the 60-day window that preserves the league’s right to terminate the collective bargaining agreement until September, according to ESPN's Adrian Wojnarowski.

The uncertainty in the wake of the coronavirus pandemic has caused for the rescheduling and postponement of several key league dates. The original 60-day window was due to close early this week.

Pushing back this deadline will allow the NBA and NBPA to have a deeper glance at the economic losses and bargain on a number of crucial financial issues, including the upcoming salary caps and luxury tax thresholds.

The NBA previously expected a $115 million salary cap for next season, but that figure is expected to come down once the losses in TV and arena revenue start to reflect in the projections. The salary cap for this season is about $109 million.

NBA Commissioner Adam Silver brought some level of clarity on a Friday call with players:

“This CBA was not built for an extended pandemic,” said Silver, via ESPN. “There's not a mechanism in it that works to properly accept a cap when you've got so much uncertainty; when we'd be going (into) next season saying, “Well, our revenue could be $10 billion or it could be $6 billion.”

Teams around the league have taken immeasurable losses in the wake of this pandemic after the season was brought to a halt on March 11 — some more than others.

Having a postseason (even in limited capacity) might salvage some of that would-be-lost revenue, though the uncertainty of resuming play is to this day the biggest X-factor in determining how the NBA will proceed with the CBA. If the season does resume, it will be without fans in the stands, which will limit the amount of revenue that can be recouped.