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http://sports.yahoo.com/nba/news;_ylt=AnucPuGEskf0b8q.tooiq_u8vLYF?slug=aw-wojnarowski_nba_lockout_ends-112611
Owners, players reach handshake deal to end lockout
The NBA and the Players Association have reached a tentative agreement to end the five-month old lockout and start the season on December 25, sources told Yahoo! Sports.
After 16 hours of negotiations Friday night, the two sides reached a handshake agreement a little after 3 a.m., a source said.
Both sides must still get final vote approval from all owners and players to finalize the agreement
NBA Commissioner David Stern is holding a joint news conference with Players Association executive director Billy Hunter and Players Association president Derek Fisher(notes) at 3:40 AM in New York.