NBA to lock out players at 12:01 a.m.

NEW YORK (AP) — The NBA says it is locking out its players until a new collective bargaining agreement can be reached.

The lockout will commence at 12:01 EDT on Friday, after the expiration of the current deal that owners say has cost them millions of dollars a year.

Deputy Commissioner Adam Silver says in a statement that the CBA ratified in 2005 has “created a broken system that produced huge financial losses for our teams.”

For more details, read Friday's Vindicator or visit Vindy.com.