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Christmas Saved! NBA To Return

November 26, 2011 By: Katchop Category: NBA

The NBA and it’s players showed their holiday spirit by reaching a deal to ensure there will be basketball on Christmas.

NBA commissioner David Stern is feeling the Christmas spirit after a tentative labor deal was reached with the players.

NBA commissioner David Stern is feeling the Christmas spirit after a tentative labor deal was reached with the players.

From The New York Times

The deal was reached about 3 a.m. Saturday, on the 149th day of the lockout, after a final 15-hour bargaining session at the law offices of Weil, Gotshal & Manges in Midtown Manhattan.

Based on tentative agreements reached earlier, the deal is expected to be for 10 years, the longest such contract in the history of the National Basketball Association, with an option for either side to terminate it after six years. It includes a significant pay cut for players, along with shorter contracts, smaller raises and a more punitive tax system to rein in the top-spending teams.

Original Photos yahoo, costumecraze

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