Lost amongst all of the Chris Paul trade talk is that last night, the CBA was approved and the lockout is officially over now. Just in time for the madness. Believe it or not, it wasn’t passed unanimously by the owners. Five rejected it.
“We think it’s a very good deal, and it’s going to withstand the test of time,” he said.
Thus ends the lockout, with training camps and free agency to open Friday. But not before one more chaotic day in this wacky offseason that guarantees the status quo remains for now.
Besides an expanded revenue sharing program, Stern said teams and fans will see an improved league in coming years.
“It’s a new beginning in a way,” he said. “It’s going to take a couple of years to work its way out, but we’re very excited about its prospects.”
The 10-year deal promises owners savings of perhaps a quarter billion dollars a year in player compensation, but largely leaves intact the soft salary cap system that the players fought hard to maintain.
Source: AP on NBA.com
