It’s done. The Basketball Grinch has retreated to his lair atop Mount DunkIt. Cooler heads have finally prevailed, as NBA owners and players reached a new labor agreement over the Thanksgiving weekend, ending a 149-day lockout that did in the first seven weeks of the regular season.
The labor deal is for 10 years, with both sides having the option to opt out after six. Per the agreement, the players’ guarantee of basketball-related income will be no higher than 51 percent after being 57 percent in the last collective bargaining agreement (CBA). That amounts to nearly $3 billion over the length of the deal.