Originally written on Waiting For Next Year  |  Last updated 11/26/11

After a 16 hour marathon negotiating session on Black Friday, reports indicate that the NBA players and owners have reached a tentative agreement. All indications were that the talks would stall, given reports of NBA players’ attorney Jeffrey Kessler going back and asking for 51% of BRI on a conference call. Ken Berger of CBS first tweeted the news, which was shortly thereafter confirmed at a joint press conference to announce the news. From Ken Berger’s twitter account:

BREAKING: Tentative agreement reached, according to one of the negotiators.

Howard Beck of the New York Times quickly followed with “Deal done…NBA is back.” After agonizing and discouraging months of negotiations, the holiday weekend and Friday marathon negotiation session apparently brought the two sides together.

The season is scheduled to start on Christmas day, according to Adrian Wojnarowski. The NBA union will have to re-organize itself and vote to finalize the deal, but it appears the main framework has been agreed upon. We will have plenty more on the details of the new labor agreement as the news unfolds.

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