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NBA Lockout: Owners Reportedly Conceded On Key Points

In the deal that ended the 2011 NBA Lockout, it was the league who conceded on several sticking points to get a handshake, reports Chris Sheridan.

Sheridan, who is the editor of and was a longtime scribe for the Associated Press and, reports that owners softened their positions on the maximum length of the mid-level exception (which will now be four years), the use of sign-and-trade deals by luxury tax teams and the ban on trade-and-extend deals for players approaching their final season on a contract (also known as the Carmelo Anthony rule).

We still don't know exactly what happened to the dispute over use of the full mid-level exception for teams over the luxury tax line, which seemed to be one of the bigger sticking points in the final negotiations. The way the escrow mechanism will work is also still unknown.