Breaking Sports

Tuesday, June 21, 2005

nba- Deal Done

NBA owners and players agreed to a new collective bargaining agreement Tuesday, averting the possibility of a lockout.
The league called a 5 p.m. ET news conference in San Antonio prior to Game 6 of the NBA Finals, with commissioner David Stern and union director Billy Hunter announcing their agreement, ESPN Insider Chad Ford has confirmed.
The deal came on the fourth consecutive day of talks between the sides. The league's old seven-year agreement is due to expire on June 30.
The league and its players' association on Monday night were close to agreeing on a new CBA that would institute a new 19-year-old age limit, reduce contract lengths and raise the salary cap, according to sources close to both negotiating committee.
The potential agreement would run for six years and would allow the two sides to avoid a July 1 lockout.