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NBA Approves Settlement

To read the latest news on the settlement, click on any of the following:
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NEW YORK (AQB)--The NBA Board of Governors unanimously approved the lockout settlement Thursday, and the league began talking about how it was going to try to win back the fans.

The league's plans include scheduling two exhibitions games per team in which admission would be free and offering at least 500 tickets at $10 each for every regular-season game.

"We have some winning back of fans to do, and we're going to do it," Commissioner David Stern said in a news conference with union director Billy Hunter and NBA deputy commissioner Russ Granik. "Most important to us is that basketball games will be upon us again, and as a fan I am elated."

The 29-0 vote by the owners was done by a show of hands, rather than a secret ballot. It came one day after negotiators agreed on a new seven-year collective bargaining agreement to end the 6-month-old lockout.

The Associated Press and ESPN.com contributed to this report.

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Click here to read Wednesday's story about the NBA settlement.

 

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