Nba, Union Reach Accord ; Six-Year Deal Avoids Lockout
The Washington Times › June 22, 2005
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Summary
The NBA avoided its second lockout in seven years yesterday as players and owners agreed to a new collective bargaining agreement that creates an enhanced series of salary controls and an increased minimum playing age.
The new accord arrives on the heels of several months of increasingly strident talk from both sides of the bargaining table, with NBA commissioner David Stern saying last week a union refusal to make a deal would be "a mistake of epic proportions." But after a series of lengthy bargaining sessions held over the last five days, the two sides emerged with a tentative agreement, allowing the sport to avert the type of labor apocalypse that has crippled the NHL.See the full content of this document
Extract
Nba, Union Reach Accord ; Six-Year Deal Avoids Lockout
League and union officials announced the six-year deal before last night's Game6 of the NBA Finals and nine days before the June30 expiration of the current agreement.
"We agreed almost all along the line t...See the full content of this document
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