The National Basketball Association and the National Basketball Association Players' Union have come to terms on a new collective bargaining agreement.

June 21, 2005

The National Basketball Association and the National Basketball Association Players' Union have come to terms on a new collective bargaining agreement. The existing collective bargaining agreement was due to expire on July 1, 2005. The agreement eliminates the chance of a lock-out, and ensures that the 2005-2006 season will proceed as planned.