Sports

Jun 30, 2011 9:49 PM by Lee Douglas

NBA makes lockout official

NEW YORK (AP) - The NBA says it is locking out its players until a new collective bargaining agreement can be reached.

The lockout will commence at 12:01 EDT on Friday, after the expiration of the current deal that owners say has cost them millions of dollars a year.

Deputy Commissioner Adam Silver says in a statement that the CBA ratified in 2005 has "created a broken system that produced huge financial losses for our teams."

(Copyright 2011 by The Associated Press. All Rights Reserved.)

 

 

»Comments

»Topics in this article

More News

Weather - Forecast
Story Photo

5 hours ago

Rain & Snow On The Way

A Winter Weather Advisory is in effect from 6 PM tonight until 4 AM Thursday for Teller County, the Rampart Range (including...

Most Popular

Top Videos

1 2 3 4