Good News. Labor deal is 95.632% complete

[StartOrien]

Checketts clarifies:

"I've received a couple of phone calls from friends who are very close to the process who say 'We have a deal, and now it's a matter of getting everything straightened out.'"

Now that's very good news if it's accurate.

But how is this different than what's been reported. The player's union has publicly accepted a 50/50 split with minor system tweaking. "They're close" is widely reported information

[ACF]

Still waiting for the "Good News. Labor deal is 100% complete" thread...

[Q_FBE]

Git-R-Done!!!!!!

I am sick of this lockout business, I want to talk about basketball business.

[ACF]

Git-R-Done!!!!!!

I am sick of this lockout business, I want to talk about basketball business.

We're just frustrated messageboard trolls. The NBA truly is a travesty.

[Roy H.]

Sam Amico: NBA lockout isn't over. But my sources saying sides will have deal in principle by Friday afternoon. How they know, I have no idea.

Read more: http://hoopshype.com/twitter/media.html#ixzz1dLpdkMh1

[barefacedmonk]

YAY!! Some good news at last.

[ACF]

Sam Amico: NBA lockout isn't over. But my sources saying sides will have deal in principle by Friday afternoon. How they know, I have no idea.

Read more: http://hoopshype.com/twitter/media.html#ixzz1dLpdkMh1

-32788
 

[hpantazo]

Sam Amico: NBA lockout isn't over. But my sources saying sides will have deal in principle by Friday afternoon. How they know, I have no idea.

Read more: http://hoopshype.com/twitter/media.html#ixzz1dLpdkMh1

I want to be happy, but I'm not sure I can get too optimistic about this yet, I mean, what does that even mean? How can they know they will have a deal by friday pm and not tonight or sunday or whenever?

[nickagneta]

Sam Amico: NBA lockout isn't over. But my sources saying sides will have deal in principle by Friday afternoon. How they know, I have no idea.

Read more: http://hoopshype.com/twitter/media.html#ixzz1dLpdkMh1

I want to be happy, but I'm not sure I can get too optimistic about this yet, I mean, what does that even mean? How can they know they will have a deal by friday pm and not tonight or sunday or whenever?

Maybe because both sides want to bring the details of what has been agreed upon by the negotiating committees to the general populace of both sides and get overall approval before announcing anything.

Stern my have given in of some things and now needs to convince his hardliners that this is the way to go. Fischer and Hunter might have to do the same to the hardliners who aren't happy with the deal and have been talking decertification.

Once hardliners on both sides have agreed to everything, I think we will hear the lockout has been lifted and the lawyers will start writing up the new CBA.

I see this as awesome news.

[PosImpos]

Sam Amico: NBA lockout isn't over. But my sources saying sides will have deal in principle by Friday afternoon. How they know, I have no idea.

Read more: http://hoopshype.com/twitter/media.html#ixzz1dLpdkMh1

That air is very hot.

[Roy H.]

Negotiators for the league and players' association made modest progress on the use of the mid-level exception for luxury tax-paying teams Thursday, but other guidelines governing exceptions and the tax level emerged as a new sticking point, three people briefed on the labor talks told CBSSports.com.

One of the people said league negotiators signaled a willingness to raise the so-called "mini mid-level" to three years starting at $3 million for teams above the luxury-tax level, to be available every other year. The previous offer was a two-year deal starting at $2.5 million, available every other year to tax teams. There was no indication union negotiators were ready to agree to this slight improvement in the owners' proposal, as it would reduce the mid-level exception for tax teams from last year's five-year, $37 million total to three years and $9 million for teams above the tax line.

Also Thursday, a new hurdle emerged in the discussion over when teams would face the new restrictions owners are proposing for teams above the luxury tax threshold. Two of the people briefed on the talks said owners were pushing for teams under the tax at the time of the transaction to be restricted from using the full mid-level -- four-year deals starting at $5 million -- if the signing put the team over the tax. In that case, the team would be restricted to use of the mini mid-level. Union negotiators want the new restrictions to be based on where a team's payroll sits in relation to the tax prior to the use of the exception -- not where it stands afterward.

Also slowing progress in the bargaining room, according to one of the people briefed on the talks, was the fact that the league still has not fully shared details of its plans to enhance revenue sharing -- a mechanism that would redistribute money from high-revenue teams to low-revenue teams at supposedly more aggressive rate than previously. Hard-line players and agents are resisting further system concessions, which the league says it needs to create more competitive balance, until it becomes clear what owners are going to do in that regard through revenue sharing.

http://ken-berger.blogs.cbssports.com/mcc/blogs/entry/11838893/33225313

[barefacedmonk]

YAY!! Some good news at last.

[nickagneta]

Interesting tidbit about revenue sharing. With a close to $300 million a year give back by the players will revenue sharing be shelved?

Since the owners got the whole of the alleged $300 million the game was losing every year, will they just say that revenue sharing isn't necessary?

It wouldn't surprise me one bit and if that happens, then I will feel even more confident that the numbers about the amount of money being lost were tax lawyer numbers that didn't exhibit the true fiscal situation of the owners. They will have gotten their money grab and now the large market owners will fight tooth and nail not to increase revenue sharing because the small market teams will have gotten their money to remain competitive from the players.

[Gomesfan]

I cant find any news on meeting

[Gomesfan]

http://basketball.realgm.com/wiretap/216468/Former_President_Of_Knicks_Jazz_Says_Deal_Imminent_Between_Owners_Players
this is from 437pm