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Owners, players reach handshake deal to end lockout
The NBA and the Players Association have reached a tentative agreement to end the five-month old lockout and start the league’s 2011-12 season on Dec. 25.
After 16 hours of negotiations Friday, the two sides reached a handshake agreement a little after 3 a.m. ET in New York. Both sides must still get a majority vote from the 29 owners and 450 players to finalize the agreement – as well as negotiate a series of smaller issues like a drug testing policy.
The owners made “significant moves” toward the players on several important system issues that long separated the two sides, a union source told Yahoo! Sports Saturday morning. “There’s still some tweaking to those that needs to be done,” the source said
Owners, players reach handshake deal to end lockout - NBA - Yahoo! Sports