Details of what will become a new labor contract still were vague when the meeting ended after 3 a.m. ET at a New York law office. But the bones of a deal reportedly call for the players to receive a “band” share of basketball-related income ranging from 49 percent to 51 percent depending on the league’s growth (with a more reasonable shot at 51 than in previous offers). A laundry list of system issues, meanwhile, are intended to make the NBA more competitive across its 30 teams.

via Steve Aschburner of NBA.com