Nov 26, 2011

News Alert: N.B.A. and Players Reach Tentative Deal to End Lockout

Breaking News Alert
The New York Times
Saturday, November 26, 2011 -- 3:51 AM EST

N.B.A. and Players Reach Tentative Deal to End Lockout

On a frantic Black Friday in Midtown Manhattan, the biggest deal was consummated in a law office tucked between FAO Schwartz and the Apple Store, according to one of the negotiators.

With a few handshakes, and surely a few sighs, the N.B.A. and its players resolved a crippling labor crisis, paving the way to reopen their $4 billion-a-year business in time for the holidays.

Resolution came on the 148th day of the lockout. With a deal in hand, the N.B.A. plans to start the season on Christmas Day and play a 66-game schedule.

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