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David Stern's record as pro sports' most effective commissioner remains unblemished after the NBA and the players union reached a new collective bargaining agreement just minutes before yesterday's midnight deadline. Next up for the commissioner: to persuade a group of balking players led by Michael Jordan and Patrick Ewing to approve the contract. If the players refuse, they could challenge the league plan in the courts, a move that could result in the cancellation of the 1995-96 season.