Negotiators reached the agreement in the very early hours of Monday morning, the report said. If accepted, the deal would end the lockout that started in March.
Since the lockout, the two sides have faced off in courts and around conference tables. The major issues have revolved around how to divide the billions of dollars of revenue reaped via the league each year, rules of free agency, a possible rookie wage scale, retirement benefits and a host of other matters.
he heart of the issue between the players and the owners was how to divide the league's $9 billion in revenue.
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