Via NBA.com:

NEW YORK (AP) -- NBA owners and players reached a tentative agreement early Saturday to end the 149-day lockout and hope to begin the delayed season on Christmas Day.

Neither side provided many specifics but said the only words players and fans wanted to hear. "We want to play basketball," Commissioner David Stern said. After a secret meeting earlier this week, the sides met for more than 15 hours Friday, working to try to save the season. This handshake deal, however, still must be ratified by both owners and players. Stern said it was "subject to a variety of approvals and very complex machinations, but we're optimistic that will all come to pass and that the NBA season will begin Dec. 25." Barring a change in scheduling, the 2011-12 season will open with the Boston Celtics at New York Knicks, followed by Miami at Dallas in an NBA finals rematch before MVP Derrick Rose and Chicago close the tripleheader against Kobe Bryant and the Lakers.   Click here to read complete story