NBA Players and Owners Reach a Tentative Settlement

November 26, 2011

Your Black World reports

Players and owners in the NBA have reached a tentative agreement that is going to put the lockout to an end.  The league’s season is set to start on December 25.  The deal was reached after 16 hours of negotiations, ending in a handshake agreement at 3 am in New York.

The deal is contingent upon both sides being able to get the majority of its membership to agree to the deal.  There are 29 owners and 450 players who will have a chance to consider the terms.

NBA Commissioner David Stern has announced that training camps are set to open on December 9 if the deal goes through.  Some players have said they would not support the deal, feeling that owners were given too much. 

“We’re optimistic that the [agreement] will hold and we’ll have ourselves an NBA season,” NBA commissioner David Stern said at at press conference.

The lockout led to an intense battle between players and owners.  The union was disbanded, which led to the filing of an antitrust suit against the NBA.   The new agreement introduces a 50-50 split between owners and players in league revenue.

“We thought it was in both of our interest to try to reach a resolution and save the game and to be able to provide the mind of superb entertainment the NBA historically has provided,” said Billy Hunter, the representative for the players.

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