NBA owners and players reached a tentative agreement early Saturday to end the 149-day lockout and hope to begin the delayed season on Christmas Day.

Neither side provided many specifics but said the only words players and fans wanted to hear.

“We want to play basketball,” Commissioner David Stern said.

After a secret meeting earlier this week, the sides met for more than 15 hours Friday, working to try to save the season. This handshake deal, however, still must be ratified by both owners and players.

Stern said it was “subject to a variety of approvals and very complex machinations, but we’re optimistic that will all come to pass and that the NBA season will begin Dec. 25.”

Barring a change in scheduling, the 2011-12 season will open with the Boston Celtics at New York Knicks, followed by Miami at Dallas in an NBA finals rematch before MVP Derrick Rose and Chicago close the tripleheader against Kobe Bryant and the Lakers.

The league plans a 66-game season and aims to open training camps Dec. 9, with free agency opening at the same time. Stern has said it would take about 30 days from an agreement to playing the first game.

“All I feel right now is `finally,”‘ Miami Heat star Dwyane Wade told The Associated Press.

Just 12 days after talks broke down and Stern declared the NBA could be headed to a “nuclear winter,” he sat next to union executive director Billy Hunter to announce the deal.

“We thought it was in both of our interest to try to reach a resolution and save the game and to be able to provide the kind of superb entertainment the NBA historically has provided,” Hunter said.

A majority on each side is needed to approve the agreement. The NBA needs votes from 15 of 29 owners. (The league owns the New Orleans Hornets.) Stern said the labor committee plans to discuss the agreement later Saturday and expects them to endorse it and recommend to the full board.

The union needs a simple majority of its 430-plus members. That process is a bit more complicated after the players dissolved the union Nov. 14. Now, they must drop their antitrust lawsuit in Minnesota and reform the union before voting on the deal.

Because the union disbanded, a new collective bargaining agreement can only be completed once the union has reformed. Drug testing and other issues still must be negotiated between the league and the players.

“We’re very pleased we’ve come this far,” Stern said. “There’s still a lot of work to be done.”

The sides will quickly return to work later Saturday, speaking with attorneys and their own committees to keep the process moving.

Courtesy Of NBA.COM

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