NBA owners approve new CBA, players next

A new labor deal in the NBA is on the verge of being finalized, after owners voted Wednesday 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.

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Teams met by teleconference on Wednesday to discuss and approve the proposed deal. 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.