NBA Lockout: Players and Owners Reach Tentative Agreement

The NBA season is scheduled to start on Christmas day of 2011 if a tentative agreement between NBA players and owners that was reached early Saturday morning, Nov 26, is ratified which would end the lockout.

The deal to end the lockout was announced by commissioner David Stern and NBA players’ union executive director Billy Hunter after an intense 14 hour mediation that began last Tuesday came to a positive conclusion.

The Huffington Post reports:

After a 149-day lockout that ultimately will cost the league approximately a half-billion dollars in losses, a marathon bargaining session produced a handshake agreement earlier in the day – actually, just a few hours before daybreak.

Commissioner David Stern still must sell his owners on an agreement that could change the way they do business. And the players, looking beat and beaten, face a tougher healing process in approving a pact that significantly limits their earnings.

But considering everything owners sought when these negotiations opened with a contentious meeting at the All-Star break in February 2010, perhaps they will feel relieved they got as much as they did.

If the deal is ratified, then training camps and free agency would start on December 9 and a 66-game season would be played.

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