The Year The NBA Almost Shut Down
The NBA lockout was finally settled after the owners and players reached a tentative agreement to start the NBA season on Christmas day. The lockout mostly occurred when the owners lock out the players in July citing that they lost hundreds of millions due to the bargaining agreement with the players in 2005.
The owners wanted all the 30 teams in the association to be competitive as well as profitable. The players then agreed to lower the shares in the revenues and committed to take 57% of the revenues but rejected the latest offer of the owners believing the deal to be too restrictive.
However, the NBA lockout was finally settled after a 15-hour negotiation between the players and the owners where the players agreed to 45-51 percent o band of basketball related income. The NBA season started on Christmas much for the respite of the NBA fans who were mostly neglected after the NBA lockout.
The NBA has seen a tremendous surge in its popularity as more and more people are now almost addicted to the NBA matches and love to keep updates of all the latest action that takes place in the association.
