Player's union president Michael Curry was optimistic coming out of a 90-minute meeting Friday on the NBA's new Collective Bargaining Agreement, which included eight players and six owners, along with commissioner David Stern and union director Billy Hunter.

Among the items the league is seeking are a reduction in the maximum length of long--term contracts, a minimum age of 20 and a reduction in the annual pay increases allowed in long-term deals.

The union is seeking reductions in the escrow and luxury taxes designed to place a drag on the growth of player salaries.

The current seven-year agreement expires at the end of June.