The NBA owners and players reached an agreement today that tenatively reopens the NBA’s $4 billion-a-year business. The season will begin with a tripleheader on Christmas day. The Bobcats could begin training as early as December 9th.
On nearly every count, the deal favors the owners, who had sought an eoverhaul all along. The players made significant concessions, including a reduction of up to $300 million year in salaries, $3 billion over the life of the agreement.