Age minimum, bigger cap, shorter contracts

Updated: June 21, 2005, 7:56 PM ET
By Chad Ford | ESPN Insider

The NBA and its players' association are close to agreeing on a new collective bargaining agreement that would institute a new 19-year-old age limit, reduce contract lengths and raise the salary cap, sources close to both negotiating committees said Monday night.

The potential agreement would run for six years and would allow the two sides to avoid a July 1 lockout.

The two negotiating committees were scheduled to meet again on Tuesday morning in New York, NBA spokesperson Tim Frank ...

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