They came to an amicable agreement in 2005. What happened in 1999?
Although it looked for a while like a lockout would be unavoidable, the two sides agreed on principal terms of the new CBA in late June 2005. The only ramification was that the July moratorium was extended a couple of weeks while the agreement was finalized and ratified. A lockout was avoided, and no games were lost. The sides were not so fortunate when negotiating the previous agreement. The 1995 CBA allowed the league to terminate the agreement if the players’ salaries exceeded 51.8% of projected revenues. In 1997-98 they were 58%, and the league opted out. The league then tried to put more severe salary restrictions in place. The players fought against any salary restrictions. On July 1, 1998 (the start date of the 1998-99 season) the league imposed a lockout, which lasted into the season. The two sides eventually compromised, agreeing to the 1999 CBA just days before their drop-dead date for canceling the season entirely, and a compacted 50-game season was played.
