Even though labor talks broke apart on Friday, a new deal is 95 percent complete.

The NBA owners and the players union have agreed on contract lengths and luxury-tax rates, trade rules and cap exceptions, as well as several provisions lesser-known to casual fans such as "amnesty" and "base-year compensation."

In real terms, the NBA and NBPA are separated by 2.5 percent of BRI and $100 million per year. At one point, the sides were separated by 20 percent and hundreds of millions per year.

The final deal will, by any objective measure, heavily favor the owners when compared with deals reached in 1999 and 2005.