Players' NBA Lockout Lawsuit Reportedly Settled

The players' NBA lockout lawsuit has been settled by lawyers for each side, reports SI.com's Zach Lowe. A set of players had filed anti-trust litigation against the league after the union disclaimed interest in representing players in collective bargaining. That lawsuit didn't make much progress in the courts, but about 10 days after it was filed the players and league had negotiated a deal to end the lockout.

Next up: players need to authorize the union to negotiate on their behalf by returning signed authorization cards. Once that is complete, the union and league will hammer out the final details of the collective bargaining agreement and put it up for a ratification vote. If all of that happens on schedule, free agency will begin on December 9 as planned and the regular season will commence on December 25. 

The lockout lasted 150 days and cost the league 16 regular season games per team. 

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