Euroleague Basketball and the EuroLeague Players Association (ELPA) announced on Thursday an update of the EuroLeague Framework Agreement (EFA) that entered into force in July 2021. The updated EFA will be in force through the end of the 2023-24 season.
Euroleague Basketball and ELPA have been negotiating consistently to adapt the EFA with an understanding that the agreement should evolve to reflect the continuous conversations between the different parties. The agreement seeks to standardize the relationships between players, clubs and the league by creating a consistent framework and defining what they can count on from each other.
The EuroLeague Clubs Commission played an active role in the negotiations. A collective of top player representation agencies was also consulted and lent support to the EFA modifications.
The EFA signed in 2021 is the first of its kind in pan-European basketball and has become a reference for team sports in general on the continent.
Among the areas in which the updated agreement has been adjusted are:
- Length of the preseason
- Insurance for players’ families
- Standardized medical services
- Performance bonus ceiling
- Clarification on the duration of contracts
- Regulated image, commercial and promotional activities
The updated EFA, which is a compulsory minimum standard for all participating EuroLeague clubs and players, is applicable to the extent that it does not contradict mandatory laws and regulations within the countries of the clubs.