NBA owners and players reached a tentative agreement on a new labor deal that would end the lockout, and would have the teams playing by Dec. 25.

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NBA Commissioner David Stern said, “We’ve reached a tentative understanding… We’re optimistic that it will hold and we’ll have ourselves an NBA season.” They will get a full 66-game season if the deal goes.

NY Daily News said that before the lockout is over, owners and players must vote to approve the deal to finalize the agreement. Players will have to reform the union and then ratify the deal to make it official.