NBA Owners Lockout Players After Sides Fail to Reach New Agreement

NEW YORK – The NBA is locking out its players until a new collective bargaining agreement can be reached, the second pro sports league shut down by labor strife.

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.

“We had a great year in terms of the appreciation of our fans for our game. It just wasn’t a profitable one for the owners, and it wasn’t one that many of the smaller market teams particularly enjoyed or felt included in,” Commissioner David Stern said. “The goal here has been to make the league profitable and to have a league where all 30 teams can compete.”

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