Found November 26, 2011 on
Fox Sports Houston:
NEW YORK (AP) -- NBA owners and players reached a tentative agreement early Saturday morning 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.
"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.
This handshake deal still must be ratified by both owners and players.
"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.
A majority on each side is needed. The NBA needs votes from 15 of 29 owners. (The league owns the New Orleans Hornets.) 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.
The settlement was first 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, Steve Nash and Kevin Durant 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.
The previous CBA expired at the end of the day June 30. Despite a series of meetings in June, there was never much hope of a deal before that deadline, with owners wanting significant changes after saying they lost 300 million last season and hundreds of millions more in each year of the old agreement, which was ratified in 2005.
Owners wanted to keep more of the league's nearly 4 billion in basketball revenues to themselves after guaranteeing 57 percent to the players under the old deal. And they sought a system where even the smallest-market clubs could compete, believing the current system would always favor the teams who could spend the most.
Initially, the salary cap emerged as the biggest obstacle. Owners first proposed a hard cap, but players fought hard to maintain the current system that allows teams to exceed the cap through the use of various exceptions.
The league was adamant the system needed some adjustment, because the old rules gave too many advantages to teams who could afford to keep adding to their payrolls. So the league's proposals targeted the highest-spending teams, seeking to eliminate the use of the midlevel exception by teams over the luxury tax and prevent them from participating in sign-and-trade deals.
BEST OF MAXIM
David Stern predicts owners will support this “tentative agreement” and it's not just because his side won almost all the important concessions.
It's also because he has done his homework, including years of gathering their opinions and, for good measure, two conference calls with the league's labor committee during Black Friday’s marathon bargaining session. Having...
David Stern might have rolled off his Tempurpedic mattress this morning and looked back at it only to realize his body had never even made an imprint. His footed pajamas would have been walking on sunshine as he listened to his Zune play ELO’s “Mr. Blue Sky”. After a quick smug, sarcastic comment for his [...]
NEW YORK -- After nearly two years of bickering, NBA players and owners are back on the same side. "We want to play basketball," commissioner David Stern said. Come Christmas Day, they should be. The sides reached a tentative agreement early Saturday to end the 149-day lockout and hope to begin the delayed season with a marquee tripleheader Dec. 25. Most of a season that...
The NBA season will happen after all, thanks to a handshake deal struck in New York between David Stern’s NBA and what remains of Billy Hunter’s players association.
As the dust settles after one of the NBA’s more cantankerous episodes, here’s an early peek at who wins, and who loses, in the upcoming new collective bargaining agreement.
WINNER: David Stern
A missed season...
The news is still breaking across the major media outlets, but it’s believed that the NBA lockout (pending ratification from NBA players) is over and games will start on Christmas Day. It’s great news for all involved, but in true Busted Coverage fashion, we look out for all those who were affected by the greed on both sides of the table. We look out for the NBA dancers who...
By Monday, David Stern and Adam Silver hope to walk out with player representatives and announce a deal that would set in motion a 66-game season.
Christmas hinges on the results of this weekend’s negotiations. Metaphorically speaking, Christmas can be Santa Claus, candy canes, Rudolph the red-nosed reindeer, It’s A Wonderful Life, eggnog and an NBA quintuple-header, or Christmas can be coal, dirty snow, presents I want to return to the store immediately, nightmares of David Stern’s smirk and an endless marathon of Home...
In case you were not one of us up at 3 a.m. (Eastern, there are advantages to my West Coast perch some days) here is the video of David Stern and Billy Hunter talking about the tentative NBA labor deal early Saturday morning when it was announced. Both are lawyers and both choose their words…
Analysis: NBA owners win lockout, nuclear winter avoided
By Brian T. Smith
The Salt Lake Tribune
Published Nov 26, 2011 09:45PM MDT
NBA Commissioner David Stern’s constant, unyielding blend of threats and ultimatums made an impact. The National Basketball Players Association’s (NBPA) united stand in the face of public scorn commanded respect. Hardline owners, angered agents...
NEW YORK—NBA owners and players have reached a tentative agreement to end the lockout. Commissioner David Stern says the two sides have reached a "tentative understanding that is subject to a variety of approvals and very complex machinations.
David Stern and Billy Hunter shook hands. Figuratively, but there is a handshake deal in place for an NBA labor settlement. The framework for a full blown new NBA collective bargaining agreement is in place. But that is a long way from an actual signed deal and NBA games starting on Christmas Day. So, what…
Q: I think I’m starting to understand what this lockout is all about. To me it seems pretty simple now: The NBA over-expanded and can’t support the Charlottes and Minnesotas, but all the parties involved (owners, Stern, players, agents) don’t want to admit contraction is the way to go, so they’re trying to put the losses on each other. Agree? — David.
A: I agree, to a...
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...
Luhm: This time, the NBA should play a 50-game season
By Steve Luhm
The Salt Lake Tribune
Published Nov 26, 2011 10:14AM MDT
The NBA is back, unless I am dreaming.
After a 15-hour bargaining session that lasted until 3 a.m. in New York, commissioner David Stern announced the league had reached “an understanding” with its players on a tentative agreement that saves the...