"Over the weekend, we told you that much of the framework of the NBA’s new Collective Bargaining Agreement is in place. Contract lengths, the luxury tax, and amnesty clause, a mid-level exception and a "stretch" exception are all basically in place. The New York Times called it the deal "95 percent" done. When asked Thursday, David Stern said he knows what the final deal will look like."
Good news for fans everywhere. The deal isn't quite finished, but this is the first point in the lockout when it actually feels that the two sides have made some progress. There's still about 4 contentious issues, but this is a good start.