The NBA lockout may be over, allowing basketball season to proceed after a two-month delay, following a tentative deal agreed to early Saturday morning.

NBA representatives and players shook hands on the deal at about 3 a.m. Saturday, according to The New York Times.

NBA Commissioner David Stern called the deal "tentative," with plenty of controversial issues still to be resolved, but fans and players alike seemed hopeful the second-longest lockout in league history had reached its end.

Leaving the gym Saturday morning, Obama was asked for his reaction to news the lockout would over. The president gave reporters a thumbs up and said "good deal."

President Obama played a pick-up game of basketball with his "body man" Reggie Love on Saturday morning and had plans along with the First Family to attend the Oregon State versus Towson game in Maryland in the afternoon. Michelle ObamaMichelle LeVaughn Robinson ObamaMichelle Obama: We raise men to feel 'entitled' Michelle Obama: 'Don't tweet every thought' Michelle Obama, Prince Harry visit public school in Chicago MORE's brother Craig Robinson coaches the Oregon State University men’s basketball team.

Obama has previously said he is “a little heartbroken that the NBA season is getting delayed" from its original Nov. 1 start date. Last week, NBA negotiations looked to be in danger of falling apart, with players voting to decertify their union and ongoing arguments over revenue share between the league and players.

The lock-out may have helped Obama lock-in two dozen current and former basketball stars to play at his re-election fundraiser game, the "Obama Classic," on Dec. 12.

"Some welcome news," tweeted Sen. John CornynJohn CornynAfter Texas shooting, lawmakers question whether military has systemic reporting problem Overnight Defense: Lawmakers question military's lapse after Texas shooting | Trump asks North Korea to 'make a deal' | Senate panel approves Army pick Overnight Regulation: House passes bill to overturn joint-employer rule | Trump officials to allow work requirements for Medicaid | Lawmakers 'alarmed' by EPA's science board changes MORE (R-Texas) about the lockout's end on Saturday mornin.

The tentative deal would see the delayed season starting on Christmas Day with a triple-header. The season will be truncated to 66 games.

This story was posted at 11:04 a.m. and has been updated.