The NBA is back! In what seems to be a Christmas miracle of sorts, the players and owners finally reached a tentative agreement. After many teams claimed losses in the hundred millions, the new CBA (collective bargaining agreement) gives an equal 50/50 split of profits. Some analysts estimate this change will generate over 3 billion dollars in profits over the next 10 years.
Tags: nba lockout, orlando magic
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With the recent resolution of the NFL lockout, another more perilous lockout is looming in its background. The NBA and it's players association have yet to reach any agreement whatsoever and according to officials are in fact regressing . The CBA or "Collective Bargaining Agreement" is a set of terms reached by the NBA, its owners, and the players. These terms determine, things like the amount of money a player can be paid, to the length a practice can be. Obviously with that many effects to agree on, it takes some serious negotiating on both sides in order to reach a resolution.
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