THURSDAY, 4:06pm: The union and the league are moving toward a settlement in the case, which could be finalized as soon as Friday, Howard Beck of The New York Times writes. The most likely outcome will allow players claimed off waivers to retain some form of Bird rights, Beck says.
June 22, 7:28pm: The NBA players' union doesn't think that an appeal from the league can be resolved by July 1st, which would effectively mean that the union's win will stand, tweets Jared Zwerling of ESPN.com (via Twitter).
June 22, 2:25pm: The NBA will appeal Dam's ruling, tweets Jeff Zillgitt of USA Today. Zillgitt adds that the appeal will be heard by a panel, but that no date has been set yet (Twitter link).
June, 22, 1:37pm: Kenneth Dam, the arbitrator tasked with making a decision on last week's Bird Rights hearing, has sided with the NBPA, according to Howard Beck of the New York Times. Dam's decision means that players claimed off waivers won't have their Bird clocks reset. As such, Jeremy Lin and Steve Novak will have Early Bird rights this offseason, while Chauncey Billups and J.J. Hickson will regain full Bird rights.