Australia have claimed the inaugural womens rugby sevens gold medal on day three of the Olympic Games in Rio de Janeiro with a 24-17 victory over New Zealand in the final in Rio.The Australians entered the womens competition as raging gold medal favourites and they didnt disappoint -- stretching the countys gold medal tally to four.Star guards Matthew Dellavedova and Patty Mills combined for 49 points in a 95-80 win over Serbia on Monday as Australia took a giant stride towards a top-two group finish in the Olympic mens basketball competition.The Boomers will now meet the all-conquering United States on Thursday and are confident of challenging the world champions.In the swimming pool, Australia have suffered two devastating defeats with Mitch Larkin and Emily Seebohm both missing a medal in their respective 100m backstroke finals.Larkin and Seebohm, pool deck partners, went into the meet as hot race favourites having each completed the 100m-200m backstroke double at the 2015 world championships in Kazan, Russia, but they suffered double disappointment after each lead at the turn.Larkin finished fourth behind winner Ryan Murphy of the United States, while Seebohm slumped to seventh in her race.The Rio Olympics will be Alicia Coutts swimming farewell but she could go out in style after qualifying sixth-fastest for the 200m individual medley semi-finals.Coutts, who won five medals at the London Games, matching Ian Thorpe and Shane Gould for most medals by an Australian at one Olympics, was second in her heat.Just knowing that I have got nothing to lose, Im here to give it everything I have got and after this event I have other things to look forward to.Emma McKeon and Bronte Barratt are through to the womens 200m freestyle final after touching the wall in second and fourth in the first semi while Grant Irvine clocked the fourth best time ahead of the mens 200m butterfly semis.A last-gasp shot and four goals from Richie Campbell helped Australia snatch a 9-9 draw in their clash with water polo powerhouse Hungary.Samantha Stosur has marched into the third round of the womens singles with a straight sets win at the Olympic tennis centre.The top-seeded Australian eliminated Japans Misaki Doi 6-3 6-4. Stosur will next face German second seed and Wimbledon finalist Angelique Kerber.John Millman has blown a massive chance to join Stosur in the third round of the Olympic tennis singles, almost toppling fourth seed Kei Nishikori. The Australian was beaten?7-6 (7-4) 6-4, but does leave Rio as the first player in Olympic history to win a match?6-0 6-0 -- after his round one drubbing of?Lithuanian Ricardis Berankis.Jessica Fox has progressed to the semi-finals of the K1 canoe slalom after finishing second in her qualification runs at the Rio Olympics.Foxs penalty-free second run gave her a score of 99.51, leaving her just behind fastest qualifier Stefanie Horn (99.07) from Italy at the Whitewater Stadium in Deodoro on Monday.Australias mens four is also into Wednesdays semi-finals as they moved a step closer to toppling Britains dominance of the event when they posted the fastest time in Tuesdays heats.Australia sits in the box seat for double equestrian gold with one round left of the three day eventing at the Rio Games with Chris Burton leading the individual rankings and Australia on top of the teams event with the show jumping to finish off the competition.In rowing, the Australian mens four have moved a step closer to reviving the Oarsome Foursome tag after posting the fastest heat time at Lagoa Stadium.Veteran Australian rower Kerry Hore had to be consoled by her teammates as the devastation of missing the womens quad scull Olympic final set in.The Australians missed the medal race by a heart-breaking 0.06 seconds, bringing an end to four-time Olympian Hores rowing career.Hore broke down in tears during the post-race interview with her teammates supporting the sobbing Tasmanian.This wasnt how I pictured finishing up, the 35-year-old said.Australian sailor Ashley Stoddart has finished eighth in her first race in the Laser Radial in Rio.Adam Vella has admitted the controversy around the selection of Australias male trap shooters played a part in their disappointing performance at the Rio Olympics.Three-time Olympian Vella confirmed his Games career was over after finishing 12th while teammate Mitchell Iles was 26th.Meanwhile, Australia is last in Pool B in womens hockey after the Hockeyroos suffered a 2-1 loss to the USA following their opening defeat against Great Britain. 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Barcelonas entertaining victory ensured the defending Spanish champions retained their share of the league lead with Atletico Madrid two rounds ahead of their meeting in the capital. Real Madrid needed a late goal by substitute Jese Rodriguez to earn a 3-2 victory at Valencia to stay in third place and three points behind its title rivals. The biggest beneficiaries of the newly reached collective bargaining agreement are actually the ones who stand to profit the least from it. For NBA fans and arena workers who enjoy watching basketball or need the income from working games, the knowledge that not a single second of next season will be lost to labor strife is welcome relief.For everyone else in the basketball business, its just life continuing on. The new CBA feels like a tie between owners and players. That counts as a quasi-victory for the players, but its a reminder of just how big a victory the 2011 lockout was for the owners. They got what they wanted and felt they needed at that time, even if it took away about two months of the season.The amicable nature and accelerated pace of negotiations this time around made it seem as if the owners took a look at the dessert menu after a satisfying meal and said, Nahhh, were good.Their big achievement in 2011 was lowering the players share of basketball-related revenue from 57 percent to around 50 percent. It was a victory that grew in magnitude when the new national TV deals came in at $24 billion over nine years. The 6 percent difference was worth an extra $1.4 billion to the owners from the ESPN and TNT contracts alone.Five years ago, the owners were willing to lose two months worth of games and push the start of the season back to Christmas Day in order to get what they wanted. The players were willing to make the same sacrifices in an attempt to hold off the changes, until both sides averted the Armageddon of a lost season by reaching a deal. They missed games because ultimately they could afford to do so. They werent even punished by the fans, as regular-season television ratings actually increased during the shortened season.Even though history told both sides they could have gotten away with another work stoppage, they had no desire this time. There might have been points worth arguing but nothing that escalated into a fight. A league that has always been image-conscious (e.g., the dress code) also realized it would be a bad look to squabble over money at a time when franchise values and player contracts had soared.The rush to make a deal also meant that some of the unpopular practices of the league wont be addressed at the highest possible level, via the collective bargaining agreement. One such example played out just as the new agreement was being announced, with stars such as LeBron James, Kyrie Irving, Kevin LLove, DeMarcus Cousins and LaMarcus Aldridge sitting out as preventive measures, rather than because of serious injuries.dddddddddddd.(I happened to be working the Spurs game Wednesday night, and in a pregame meeting with coach Gregg Popovich, he waved off his role as the forefather of that movement. Pop said he didnt draw some scientific conclusion; he simply started the practice in order to extend the career of Tim Duncan after Duncans knee injury forced Popovich to shut him down for the 2000 playoffs).There will be incremental measures to avoid the resting epidemic, such as shortening the preseason and spreading out the NBA calendar to decrease the schedule density. But we wont see the dramatic step of shortening the regular season.Its interesting to keep in mind that while the 82-game season might be difficult to change without high-level negotiations, the ability to lighten the players workload by changing the playoffs is not. The 2003 decision to extend the first round from best-of-five to best-of-seven not only happened mid-CBA -- it happened midseason. But good luck trying to take playoff games away from the networks shelling out all of those billions.What is left to be seen are the unintended consequences of the new agreement. For example, in the expiring CBA, the rules made it financially beneficial for a player to hit free agency rather than sign a contract extension, even if he had no desire to leave his current team, a loophole thats been addressed in the new deal.That CBA also failed to anticipate the impact that a huge jump in television revenue would have on the salary cap, which led to the one-time spike this summer that facilitated the contract explosion and allowed the Warriors to sign Kevin Durant. Surely there will be some kinks in the new deal that even the brightest negotiators and best-paid lawyers didnt anticipate.And as always, any built-in attempts to prevent the formation of superteams can be undone by players willingness to take less money.For now, though, there are no major complaints from either side. Any professional sports work stoppage is a failure by the richest members of a lucrative industry to realize how good they have it.That isnt the case in the NBA right now. 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