I apologize if this has been written about, and I missed it. More below the fold.
When it comes to the lockout discussion, it seems like most focus has been on a desire to see it ended and/or to debate who is most to blame.
(In order to fit the word minimum, here are my rankings: 1) Owners for using it as a shakedown in a manner similar to other lockouts; 2) Agents for pushing current players to act against their own best interests; 3) Players for not figuring out a better alternative that would force the owners' hand, like an actual rival league; 4) Casual fans who focus on the celebrity culture of the NBA instead of the games and lead to a league with superstar calls and an atmosphere where no superstar thinks he can win without other superstars.)
Anyway, as a fan, I'm most concerned about the extent to which this agreement could benefit the Wolves. The one that came out of the last lockout was disastrous because KG's deal restricted what they could pay Marbury, which led to his trade as much as anything else, and because they never had enough first-rounders to really benefit from the increased time that players were under their control. With that in mind, the deal before it was even worse because no max salaries and 3-year rookie deals led to a huge salary for KG after only 2 years in the league. More recent deals have helped save the Wolves from having to decide on marginal high draft picks too early (McCants, Foye, Brewer) and allowed them to have Kevin Love for this long.
But I have no idea whether they're considering revenue sharing on TV deals (which they should because no team should be punished/rewarded for how many people live in their surrounding area) or how much the decrease in BRI would actually help the team (Glen Taylor hasn't had a problem operating at a loss in the past, and a decreased cap isn't necessarily good for teams in less-desirable locales).
Anyone with specific knowledge on the parts that the owners and players currently agree about would be very beneficial, but this is also a place for people to share their opinion about the titular question (heh heh, heh heh; as an aside, it's great to have Beavis and Butthead back).