NBA commissioner Adam Silver told reporters on Wednesday the league intends to opt out of the current collective bargaining agreement on Friday if a mutually agreed-upon deadline isn't met, a decision the NBPA called "disappointing."

Silver made his comments on the heels of a two-day meeting of league owners as the NBA and NBPA are in the midst of negotiating a new CBA that would take effect when the current expires after the 2023-24 season. The two sides previously agreed to a deadline of Friday at midnight that would allow either side to opt out of the current CBA effective June 30.

The sides have already extended previous such deadlines in order to continue negotiations without the specter of an expiring CBA. They did so in December and again in February, which extended the deadline to March 31. Silver said Wednesday the league won't extend the deadline again if a new CBA isn't reached by Friday.