Saturday, November 26, 2011

NBA Lockout Over

It was about time. After a 149-day lockout which saw the cancelling of games, the decertification of the players' union, and a lot of name-calling and bitterness, the NBA owners and players finally reached a tentative agreement to end the NBA lockout and save the season.

While details of the deal were not announced publicly, there are reports that the players will receive around 50% of basketball related income, which is lower than the previous 57% they had gotten before. But, in the end, both sides realized the magnitude of what a lost season could mean in a tough economy and reached the agreement in the wee hours this morning.

The season is tentatively set to begin on Christmas Day with a triple header of Celtics @ Knicks, a Finals' rematch of Heat @ Mavericks and Bulls @ Lakers.

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