NEW YORK - The National Basketball Association (NBA) and its players have reached a tentative deal on a new collective bargaining agreement which paves the way for a 66-game season starting on Christmas Day (December 25).
Financial details of the plan were not released but NBA Commissioner David Stern said the settlement called for training camps and the league's free agency period to begin on Dec. 9.
"We've reached a tentative understanding that is subject to a variety of approvals and very complex machinations," Stern told a news conference early on Saturday after a 15-hour negotiating session.
"But we're optimistic that will all come to pass and that the NBA season
will begin on December 25, Christmas Day, with a triple-header.
"We're very pleased that we've come this far. There's still a lot of
work to be done in a lot of places, with a lot of committees and player
groups and the like.
"But we're optimistic that it will hold and we'll have ourselves an NBA season."
Stern said the deal would be put before the owners' labor relations
committee during a teleconference later on Saturday, before being passed
on to the overall Board of Governors.
Billy Hunter, the former executive director of the players'
now-disbanded union, said: "We're going to turn it all over to the
lawyers here and have them work out all the details."
The players de-certified their union in an effort to file a variety of
antitrust lawsuits against the league. It could take up to 10 days for
the players to re-form their union and ratify a formal labor deal.A compromise solution
Stern acknowledged the league had "literally thousands of people who are
dependent upon the playing of our games at arenas, at parking lots, at
restaurants around the stadium."
"The reason for the settlement is [that] we've got fans, we've got
players who would like to play, we've got others who are dependent on
us," he said.
"And it's always been our goal to reach a deal that was fair to both
sides and would get us playing as soon as possible. But, that took a
Players have been locked out of NBA facilities for 149 days and, should
the plan proceed as scheduled, teams would play 16 games less than a
The league has said it lost $300 million last season and were demanding a
reduction in the players' share of income, which was 57 percent under
the prior deal.
NBA Deputy Commissioner Adam Silver said the tentative deal called for a more balanced league.
"It will largely prevent the high spending teams from competing in the
free agency market in a way that they have been able to in the past," he
"It is a compromise and it is not the system we sought out to get in
terms of a harder (salary) cap but the luxury tax is harsher than it was
in the past deal and we hope it's effective.
"We feel ultimately it will give fans in every community hope that their
team can compete for championships and that their basis for believing
in their team will be a function of management of that team rather than
how deep the owners pockets are or how large the market is."
Stern said he was optimistic both sides would approve the deal.
"We want to play basketball," he said.