It looks like the owners and players reached a new labor agreement.

The deal, struck during bargaining in New York on Friday night and Saturday, is subject to the sides putting the deal in writing, the person said, speaking on condition of anonymity because the agreement had not been finalized.

That's great news, as we don't need to worry about a work stoppage. By getting the deal done now, GMs will know if they continue to get compensation for free agents lost. We'll also see if the luxury tax survived.