NBA players and owners arrived at a tentative agreement to end the NBA lockout on early Saturday morning, David Stern and Billy Hunter announced in a joint press conference.
The deal will be put to a majority vote among 450 players and 29 owners before becoming finalized, and smaller issues still need to be ironed out. But all indications are that a 66-game NBA season will begin on Dec. 25, with training camps and free agency both opening on Dec. 9.
After filing a disclaimer of interest that effectively dissolved the union, the players association still needs to reform and hold a vote before the deal can be ratified. Ending a 149-day long stalemate caused by several negotiating hurdles, the players and owners reportedly agreed to a 50-50 split of Basketball Related Income (BRI) and the owners reportedly made "significant" movement toward the players' stance on system issues.