NBA players approved their new labor agreement Tuesday, and Chicago Bulls center Antonio Davis was elected president of the players' association at the union's annual convention.

About 60 players were in attendance, and the vote to ratify the tentative labor agreement was "overwhelmingly in favor," union spokesman Dan Wasserman said.

The union reached agreement with the league on a six-year deal last Tuesday. It replaces a seven-year pact that expires June 30.

Once the new agreement is finalized and put into writing, all players will have the opportunity to vote by mail, Wasserman said.

Davis was elected to replace Michael Curry, who is retiring after an 11-year NBA career.

Derek Fisher of Golden State was elected to Davis' former post of first vice president, and P.J. Brown was chosen to take Fisher's spot on the union's executive council.