NBA Lockout: Players Vote To Approve New CBA, Owners Expected To Do Same

We are just baby steps away from the NBA lockout officially ending and a new collective bargaining agreement being approved by both sides. The NBA players have reformed as a union and have voted to approve the new CBA, according to a report by CBS Sports' Ken Berger.

NBA players on Thursday approved a new collective bargaining agreement in electronic voting, paving the way for owners to formally ratify the deal and open training camps and the free-agency period, two people familiar with the results told CBSSports.com.

The owners are also expected to finalize a new revenue-sharing plan shortly, according to Berger. The major parts of the new CBA had been approved a while ago, with only a few procedural and B-list items left to resolve this week. Evidently, they have been resolved.

NBA training camps will open on Friday, and the official date for the start of free agency is Friday as well, though teams have been making offers to players already.