The Chicago Bulls defeated the Seattle SuperSonics 4 games to 2 in the NBA Finals to win their fourth championship.
When the previous collective bargaining agreement expired after the 1993–94 season, a no-strike, no-lockout agreement was made in October 1994, with a moratorium on signing or restructuring player contracts.
That moratorium expired on June 15, 1995, one day after the NBA Finals concluded.
The expansion draft (which was held on June 24) and the NBA draft (which was held on June 28) were allowed to take place, but all other league business, including trades, free-agent signings, contract extensions, and summer leagues were suspended[1] from July 1 until September 12; no games were lost due to the lockout, as a new collective bargaining agreement was reached well before the start of the 1995–96 season.
[2][3][4][5] Among the key issues in the labor dispute were the salary cap, free agency, a rookie salary cap, and revenue sharing.