Labor deal 'could be sealed by Christmas'

(Reuters) - National Basketball Association owners have approved the tentative collective bargaining agreement reached with the players' union last week and await a ratification vote by the players, according to media reports. Ratification of the seven-year deal by the players, who are voting electronically, could come as early as Friday and seal labor peace by Christmas Day, the reports suggest. In 2011, an impasse led to a 161-day lockout with a shortened 66-game season that did not start until Christmas.

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