NBA owners, players reach tentative deal
By BRIAN MAHONEY, AP Basketball Writer 7 minutes ago
NEW YORK (AP)—NBA owners and players reached a tentative agreement early Saturday to end the 149-day lockout.
After a secret meeting earlier this week, the sides met for more than 15 hours Friday, working to try to save the season. This handshake deal, however, still must be ratified by both owners and players.
“We’ve reached a tentative understanding that is subject to a variety of approvals and very complex machinations, but we’re optimistic that will all come to pass and that the NBA season will begin Dec. 25,” Commissioner David Stern said.
NBPA president Derek Fisher and the players face an uphill battle. (Getty Images)
The league plans a 66-game season and aims to open camps Dec. 9.
“We thought it was in both of our best interests to try to reach a resolution and save the game,” union executive director Billy Hunter said.
The Christmas Day deadline created a sense of urgency because that schedule is traditionally a showcase for the league. This season’s three-game slate was to include Miami at Dallas in an NBA finals rematch, plus MVP Derrick Rose(notes) leading Chicago into Los Angeles to face Kobe Bryant(notes) and the Lakers.
A majority on each side is needed to approve the agreement. The NBA needs votes from 15 of 29 owners. (The league owns the New Orleans Hornets.) Stern said the labor committee plans to discuss the agreement later Saturday and expects them to endorse it and recommend to the full board.
The union needs a simple majority of its 430-plus members. That process is a bit more complicated after the players dissolved the union Nov. 14. Now, they must drop their antitrust lawsuit in Minnesota and reform the union before voting on the deal.
Because the union disbanded, a new collective bargaining agreement can only be completed once the union has reformed. Drug testing and other issues still must be negotiated between the league and the players.
The settlement first was reported by CBSSports.com.
When last talks broke down, the sides were still divided over the division of revenues and certain changes sought by owners to curb spending by big-market teams that players felt would limit or restrict their options in free agency.
On Nov. 14, players rejected the owners’ proposal, which included opening a 72-game schedule on Dec. 15, announcing instead they were disbanding the union, giving them a chance to win several billion dollars in triple damages in an antitrust lawsuit.
Two days later, players filed two separate antitrust lawsuits against the league in two different states. On Monday, a group of named plaintiffs including Carmelo Anthony(notes), Steve Nash(notes) and Kevin Durant(notes) filed an amended federal lawsuit against the league in Minnesota, hoping the courts there will be as favorable to them as they have been to NFL players in the past.
Now, players will dismiss that lawsuit and get back to the business of basketball.
From: http://sports.yahoo.com/nba/news?slug=ap-nbalabor
This is bad new for our teams who have signed some NBA players with an option to release them if the lockout ends.
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