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Posted: Tuesday October 13, 1998 05:56 PM
Significant dates in the NBA lockout:
October 27, 1994 -- Owners and players agree to play the 1994-95 season under a no-strike, no-lockout agreement.
June 21, 1995 -- Owners and the players' union reach agreement on a six-year deal including a luxury tax of up to 100 percent on certain large contracts if the percentage of basketball-related income devoted to player salaries exceeds 63 percent.
July 1, 1995 -- Owners impose a lockout after players refuse to vote on ratification of the new deal.
August 8, 1995 -- Owners and players reach a new agreement, deleting the luxury tax in exchange for a reopener clause giving the owners the right to toss out the agreement after three years if the percentage of basketball-related income devoted to player salaries exceeds 51.8 percent.
September 12, 1995 -- Players vote 226-134 to accept the new six-year agreement rather than decertify their union, and the lockout ends.
July 1, 1996 -- A moratorium on player signings is imposed as the sides work to finalize details of the six-year pact.
July 11, 1996 -- A lockout is imposed as the sides argue over $50 million in television revenue. The lockout is lifted after a couple of hours, and the agreement is completed.
March 23, 1998 -- Owners vote 27-2 to reopen the collective bargaining agreement at the conclusion of the season.
June 22, 1998 -- The last of nine negotiating sessions ends after only 30 minutes, with the players saying they won't listen to any proposal that includes a "hard" salary cap.
June 30, 1998 -- League announces a lockout will begin the next day. Union files grievance with arbitrator John Feerick, asking that players with guaranteed contracts be paid during the lockout.
July 1, 1998 -- Owners impose the third lockout in league history.
August 6, 1998 -- Collective bargaining talks resume, and owners walk out upon hearing the union's new proposal.
August 26-September 9, 1998 -- Guaranteed contracts hearing held before Feerick.
September 24, 1998 -- League cancels 24 exhibition games and announces the indefinite postponement of training camps.
October 5, 1998 -- League cancels remainder of exhibition season.
October 8, 1998 -- Sides meet for about 4 1/2 hours, making little progress.
October 13, 1998 -- League cancels the first two weeks (November 3-16) of the 1998-99 regular season.
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