Significant dates in the NBA lockout:

Oct. 27, 1994 _ Owners and players agree to play the 1994-95 season under a no-strike, no-lockout agreement.

June 21, 1995 _ Owners and the players' union reach agreement on a six-year deal including a luxury tax of up to 100 percent on certain large contracts if the percentage of basketball-related income devoted to player salaries exceeds 63 percent.

July 1, 1995 _ Owners impose a lockout after players refuse to vote on ratification of the new deal.

Aug. 8, 1995 _ Owners and players reach a new agreement, deleting the luxury tax in exchange for a reopener clause giving the owners the right to toss out the agreement after three years if the percentage of basketball-related income devoted to player salaries exceeds 51.8 percent.

Sept. 12, 1995 _ Players vote 226-134 to accept the new six-year agreement rather than decertify their union, and the lockout ends.

July 1, 1996 _ A moratorium on player signings is imposed as the sides work to finalize details of the six-year pact.

July 11, 1996 _ A lockout is imposed as the sides argue over $50 million in television revenue. The lockout is lifted after a couple of hours, and the agreement is completed.

March 23, 1998 _ Owners vote 27-2 to reopen the collective bargaining agreement at the conclusion of the season.

June 22, 1998 _ The last of nine negotiating sessions ends after only 30 minutes, with the players saying they won't listen to any proposal that includes a ``hard'' salary cap.

June 30, 1998 _ League announces a lockout will begin the next day. Union files grievance with arbitrator John Feerick, asking that players with guaranteed contracts be paid during the lockout.

July 1, 1998 _ Owners impose the third lockout in league history.

Aug. 6, 1998 _ Collective bargaining talks resume, and owners walk out upon hearing the union's new proposal.

Aug. 26-Sept. 9, 1998 _ Guaranteed contracts hearing held before Feerick.

Sept. 24, 1998 _ League cancels 24 exhibition games and announces the indefinite postponement of training camps.

Oct. 5, 1998 _ League cancels remainder of exhibition season.

Oct. 8, 1998 _ Sides meet for about 4 1/2 hours, making little progress.