Here are the key terms of the agreement on the NBDL:

• Each NBA team will be allowed to send players to a designated NBDL team, along with an assistant coach to monitor the players' development.

• The league will eventually expand to 15 teams, and two NBA teams will share each NBDL team.

• Players can be sent down to the NBDL for only the first two years of their career. Veterans cannot be assigned to an NBDL team.

• First-round picks will continue to be paid at the rookie wage scale. This was a key concession to the players, who didn't want owners to use the league as a way of cutting player salaries.

• Teams will retain the rights to all of their players and can recall them at any time.

• The NBDL will lower its age limit from 20 years to 18 years. That means that high school players who are ineligible for the draft will be able to play in the NBDL for a year before entering the draft. That dramatic change gives high school players another avenue into professional basketball (and an income source) should they choose to skip college.