NBA commissioner Adam Silver is hopeful a new collective bargaining agreement between the league and players can be approved before Friday's deadline.
If not, he said the league's plan would then be to opt out of the current CBA.
The NBA and National Basketball Players Association are negotiating ahead of a deadline set for midnight on Friday that would allow either side to opt out of the current CBA on June 30.
The current CBA expires at the conclusion of the 2023-24 season.
"I certainly can foresee one getting done and I hope we do get one done," Silver said on Wednesday during his news conference at the conclusion of a two-day meeting of the league's Board of Governors.
The sides have already extended the deadline on two previous occasions – once in December and another time in February – and Silver said the league won't extend it again if there is no deal by Friday night.
"If we don't have a deal by this Friday night and nothing else were to happen, yes, it would be our intention to opt out of the current deal," Silver said.
The two sides have been negotiating a new CBA for more than a year with spending limits and player health being specific issues, and Silver said progress has been made.
"I think both sides understand that this is a window of opportunity that we should try not to miss," Silver said. "Because, if we don't have the deal done this Friday, the next real deadline is June 30, but that's the very end of the season.
"The whole idea behind these early deadlines (is) to try to avoid going right up to the line."
While Silver said the league would exercise the opt-out option if a deal isn't reached by Friday, NBPA executive director Tamika Tremaglio said the players don't intend to opt out.
"The March 31 deadline is an important benchmark, and we are doing everything in our power to reach an agreement with the league," Tremaglio said in a statement.
"If we don't have a deal and the league decides to opt out, it will be disappointing considering all the work both sides have put into the negotiations, and the fair nature of our requests. As far as our fans are concerned, it will be business as usual. Games will continue uninterrupted."
Although there is a midnight Friday deadline, Silver said if progress is being made and the two sides are close, it is possible the deadline could be pushed back a few days.
"I could imagine if it came midnight Friday night, and we were having a productive discussion and somebody said, ‘We could use a few more days,' we would agree to a few more days," Silver said. "But that's more of a hypothetical."
Heat rally in fourth quarter to even NBA Finals at 1-1
Gabe Vincent scored 23 points and helped spark a fourth-quarter rally that propelled the Miami Heat to a 111-108 win over the Denver Nuggets on Sunday in Game 2 of the NBA Finals, evening the championship series at 1-1.
The Heat overcame an eight-point deficit to start the fourth quarter to snap the Nuggets' seven-game winning streak and send the series to Miami all tied. Game 3 will take place Wednesday.
Denver also was handed its first loss in 10 home games during this postseason despite another big effort from two-time NBA MVP Nikola Jokić, who poured in 41 points on 16-of-28 shooting along with 11 rebounds.
Jimmy Butler and Bam Adebayo each contributed 21 points for the Heat, while Duncan Robinson scored all 10 of his points during a pivotal 15-2 run to open the fourth quarter that sent Miami ahead to stay.
Jokic scored the final six points of the third quarter to give the Nuggets an 83-75 lead that turned out to be short-lived. Robinson had the first eight points of Miami's momentum-shifting surge, and Vincent later added a 3-pointer before hitting two free throws that put the Heat up 90-85 with nine minutes remaining.
Miami held a 107-95 advantage after Caleb Martin's 3-pointer with 3:39 left to play, but the Nuggets responded with a late charge to put the outcome back in doubt.
Aaron Gordon and Jamal Murray hit 3-pointers to ignite an 11-2 run Murray capped with another triple that pulled Denver within 109-106 entering the final minute.
After Jokic countered two Butler free throws with a short turnaround jumper with 35.6 seconds left, Butler missed a 3-pointer on the ensuing possession to give the Nuggets a chance to tie.
Murray misfired on a step-back 3-point try with 1.9 seconds left, however, and Martin grabbed the rebound as time expired.
Denver, which led by as many as 15 points in the first half, had been 11-0 this postseason when holding a double-digit lead.
Miami Heat rally late against Denver Nuggets to even NBA finals series
The Miami Heat produced a fourth-quarter comeback to win the second game of the NBA finals 111-108 and even up the seven-match series against the Denver Nuggets.
The Heat trailed by eight heading into the final period, having trailed by 15 earlier in the game in the wake of another massive performance from Nikola Jokic.
Jokic scored 41 points, scoring 16 of 28 shots from the floor including one with 36 seconds remaining which cut the Heat’s lead to three points.
But after Jimmy Butler missed on Miami’s next possession, Jamal Murray was unable to tie the scores with an effort on the buzzer.
The defeat was Denver’s first since May 7 and they had won all 11 play-off games in which they had opened a double-digit lead.
They had trailed 21-10 in the opening quarter before a barrage of three-point scores helped them to a 44-32 advantage which had been trimmed to six points at the break.
And Miami held on through the third quarter before the late surge that takes the series to Miami all square.
Gabe Vincent led the way for Miami with 23 points as Butler and Bam Adebayo each grabbed 21.
Knicks' Julius Randle has ankle surgery, expected healthy for 2023-24
New York Knicks forward Julius Randle underwent arthroscopic surgery on his left ankle Friday and is expected to recover in time to participate in training camp before next season.
The team announced the successful operation Saturday on Twitter.
Voted a member of the All-NBA Third Team this season, Randle was hindered down the stretch after spraining his ankle during a March 29 game against the Miami Heat and re-injuring it in the playoffs.
Randle missed the Knicks’ final five regular season games. He returned to play through the injury in 10 of New York’s 11 postseason games but averaged 16.6 points on 37.4-percent shooting from the field.
Before spraining his ankle, Randle played the first 77 games of the 2022-23 season, averaging a career-high 25.1 points, 10 rebounds and 4.1 assists while being voted to his second career All-Star Game.
This season, Randle and offseason addition Jalen Brunson led the Knicks to a 47-35 record, a No. 5 seed in the Eastern Conference playoffs and a first-round series win over the Cleveland Cavaliers.
With Randle visibly hobbled, the Knicks were eliminated by the Heat in six games in the East semifinals.
Randle, 29, has two years and $58.5 million remaining on his deal, plus a $32.4 million player option in 2025-26.
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