NBA Lock Over?

From ESPN: Whether the handshake agreement the owners and players reached early Saturday morning on a new labor deal is ratified remains to be seen, but the players apparently did win some concessions on vital system issues -- including the split of basketball-related income -- that prompted union leaders to reject the previous offer without a vote, league sources said.
NBPA executive director Billy Hunter told players Saturday night in a memo obtained by ESPN that the first step would be incorporating the new deal points into a litigation settlement agreement early next week. "The NBA will then re-form as a union," Hunter wrote, "and negotiations may take place on various other CBA issues. The players will then vote to ratify a new CBA."
Hunter's memo also informed players that their share of BRI from the 2011-12 season will be 51.2 percent.
http://espn.go.com/nba/story/_/id/7283065/sources-nba-owners-relented-several-key-issues
This sounds good but...
The players' union, which disclaimed shortly before the suit was filed, would have to be reconstituted. The labor proposal would then have to be put to a vote and a simple majority of the league's 440-plus players would have to approve it. That process could take several days or up to a week, commissioner David Stern indicated.
The tricky part at this point, one source said, is that only broad, basic tenets of a new deal have been agreed to by both sides and none of it has been committed to paper. One potential stumbling block is that when it comes to committing the entire deal to writing, disagreements on what was said and mutually accepted could arise. There's also a host of secondary elements.
The owners also apparently relented on several other demands in the previous offer that were not mentioned in the summary proposal the league made available to various media outlets. According to a source, the owners also wanted to eliminate the opt-out clauses for players making above the league average salary.
The owners also abandoned reducing minimum salaries and the first year of rookie contracts by 12 percent in the handshake agreement, sources said.
My guess is that there will several owners who don't like this proposal and would rather not even have a season. If they did have a season, these owners will lose more money.
My guess is that the union will accept the offer but of course nothing has been put in writing, so anything can happen.
I'm not holding my breath that this lockout has been resolved because too many things can happen between now and the players and owners voting like player's agents butting into the process.
But I do hope they play ball soon so that the people who work at the games like the ushers, vendors, ball boys etc will be able to make some money. This will also help the other businesses that benefit from pro basketball like the casino's sport betting operations, bars near the arenas, parking lots and anyone else who benefits from pro ball. As far as the owners and players, I couldn't care less.