Key points of the tentative NBA labor deal

NBA owners and players have reached a tentative agreement to end

the 149-day lockout and plan to begin the delayed season on

Christmas Day.

Here are some highlights:

The deal: Largely completed around 3 a.m. EST Saturday, then

announced. More details still must be tackled including dismissing

all pending lawsuits, making the National Basketball Players

Association f an actual union again and voting by both the players

and owners to ratify the agreement.

Key dates: Dec. 9 (free agency opens, camps open), Dec. 25

(games begin).

Owners’ biggest win: Reducing the players’ guarantee of

basketball-related income to no higher than 51 percent after they

received 57 percent under the previous collective bargaining

agreement. With each BRI point worth about $40 million based on

last season’s revenues, that’s a swing of at least $240 million

annually, erasing most of what owners said were $300 million in

losses last season.

Owners’ biggest loss: The NFL style hard cap and non-guaranteed

contracts they sought. The system is in fact similar to the old

one, just with harsher luxury tax penalties to limit spending.

Players’ biggest win: The preservation of the midlevel exception

– though in a reduced form – and various trade rules for teams over

the luxury tax, keeping the biggest market teams in the running to

bid for them, even if they can’t pay as much as they used to.

Players’ biggest loss: Money. They’re transferring more than $1

billion in salary and benefits to owners in the first six years of

the deal.

What’s next: Look for talks early this week on a preseason

schedule, the dismissal or settlement of pending lawsuits, then

movement toward getting the entire CBA written.