Owners Unanimously Approve New Labor Contract

(AP) — NBA owners have voted to approve a proposed seven-year collective bargaining agreement that was tentatively agreed to last week.

The owners' vote was unanimous and players are expected to finish casting their ballots in the coming days, two people with direct knowledge of the situation told The Associated Press. They spoke on condition of anonymity because neither the NBA nor the National Basketball Players Association has revealed specifics about the voting process publicly.

Players were recently emailed information about the CBA from the union and were intending to have their ratification vote completed electronically by Friday, one of the people involved told AP.

The voting processes are no more than formality. When the sides agreed last week, there was no question the required votes to ratify would come from both sides.