For those of you who don't just sit around watching TV all day, like myself, ESPN and Yahoo Sports have reported that the NBA will go into a lockout at midnight tonight. AP Basketball writer Brian Mahoney covers the basics in his article. More after the jump.

After hours of talk, no new CBA was reached and NBA owners elected to go the way of their NFL counterparts, leaving players, fans, and free agents in limbo about the future of professional basketball. Optimists like Commissioner David Stern hope the lockout won't affect the NBA season, while others, like Charles Barkley, believe there will be no 2011-2012 season.The free agency period that was slated to start Friday will be postponed, leaving teams in search of new pieces, such as the Rockets, waiting until after a new CBA has been reached before they can dip into the market.

With the Portland Trail Blazers giving Center Greg Oden a reported $8.8 mil Qualifying Offer, what kind of trend does this set for other free agents, especially centers? How will it affect or be affected by the new CBA, once one is reached? What do Rockets fans think about the upcoming lockout and the money Greg Oden and other free agent centers might receive?