As I come back home from a late movie titled Immortals, and stuffing my face with pizza, I get on my laptop to catch up on an update of the NBA meetings. Earlier this week on Tuesday, NBA held a secret meeting to start negotiations again after the players rejected the owners original proposal on Nov. 14th. The meetings continued throughout this week and another marathon of meetings were held yesterday. Unlike last time though this one, finally made progress.-- ULTIMATELY, THE NBA IS BACK!
First reported by Ken Berger of CBS and Howard Kent of New York Times, the NBA owners and Player Unions reached a tentative deal at approximately 2 AM (ct.) Nov. 26th 2011. Officially, that means the NBA lockout lasted 149 days. The tentative deals means that the deal is not final, but the two sides has come to an agreement which will still need to be ratified by players and teams to make the deal official. Simple majority of 30 teams and 430 or so players need to ratify it to make the deal official. Also the deal, at the moment, has not fully resolved issues of drug testings, splits of the entire CBA, age limit and other so called B-list issues. Saturday, the players and owners will be debriefed about the deal, and all remaining issues will be solved. Once the deal is accepted by the simple majority of players and teams, the deal will be official.
Details of the Deal (If/When deal it's official...):
* Games will start on Christmas - Dec. 25th 2011.
-That means NBA opens up with 3 Monster Match-ups. Celtics/Knicks Heat/Mavs and
Bulls/Lakers
* Training Camp & Free Agency will start Dec. 9th
* The season will be 66 games long - The 2nd shortest season after the 50 game season in '99.
* The Deal is a 10-yr Deal, that CAN be terminated by any side after 6 years.
* The Deal is a 50/50 split between the sides- BUT Players have the possibility of receiving 51% or 49% depending on if the league exceeds or falls below projections.
* Deal is reported to be OWNER FRIENDLY- Clauses of the deal favor the owners. Players lose $300 Mil per year, $3 Bil over the life of the deal.
* NBA IS BACK!!
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