The following is an important news release from FIBA:

FIBA has confirmed it will approve the transfer of players under contract with the NBA deciding to play for clubs of FIBA affiliated leagues during the on-going lockout.

During a lockout NBA players who continue to be under contract with an NBA team are free to play anywhere they want, whether for their national teams and/or for club teams.

If an NBA player requests to play for a club of a FIBA affiliated league, the NBA will not object but will state that the player will have to return to his NBA team as soon as the lockout ends. Consequently, FIBA will deliver a letter of clearance subject to the receipt of a declaration signed by the player, stating that he will return to his NBA team when the lockout is over.

“As the world governing body for basketball, we strongly hope that the labour dispute will be resolved as soon as possible, and that the NBA season is able to begin as scheduled,” said FIBA Secretary General and IOC member, Patrick Baumann.

“In view of our role to promote basketball worldwide, we support any player wishing to play the game, wherever and whenever. We do so while obviously taking the interests, rights and obligations of all parties into account,” he added.

“We are delighted to see that, in spite of widespread doubts related to the lockout, National Teams competing in this summer’s Olympic Qualifiers will be able to count on the participation of most of their NBA stars.”

Any NBA player deciding to play during the lockout, does so at his own risk, notably if he sustains an injury.

FIBA has stated that it is up to the clubs to decide whether or not they shall sign a waiver clearing them of any responsibility towards the player in case of injury and other reasons preventing him from returning to the NBA and from fulfilling his obligations vis-à-vis his NBA team.

Update: National Basketball Players Association response to the news

“The NBPA and our players are gratified by today’s announcement by FIBA, although it comes as no surprise.  We have consistently advised our members that in the event of a lockout they would have the right to be compensated for playing basketball irrespective of whether they were under contract to an NBA team or not.  We have encouraged all of our players to pursue such opportunities and will continue to do so.  In the face of the economic pressure that the NBA has attempted to exert by imposing a lockout, our players are unified and eager to demonstrate that the NBA’s tactics will be unsuccessful.”

Read NBA fan reaction and discuss your own opinion in this forum topic.