NBA Cancels Preseason; Regular Season in Peril as Talks Fail

Tuesday, 04 Oct 2011 08:24 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

The National Basketball Association canceled its entire preseason schedule and will scrap the first two weeks of the regular season if the league doesn’t reach a new labor agreement with its players by Monday.

“We weren’t able to make the progress that we’d hoped we’d be able to make and we weren’t able to continue the negotiations,” NBA Commissioner David Stern told reporters at a Manhattan hotel after the sides met for the second straight day.

Owners and players are arguing about how to split league revenue. Teams collectively lost $300 million on revenue of about $4.3 billion last season, Stern has said.

Players received 57 percent of basketball-related income under the collective bargaining agreement that expired on July 1, when the NBA locked them out. Their union today offered to accept 53 percent, while owners countered with 47 percent of basketball-related revenue to players, union President Derek Fisher of the Los Angeles Lakers said.

As things stand, an agreement by Monday is unlikely, Fisher told reporters.

“We’re not leaving here expecting to meet tomorrow or any time in the near future,” Fisher said. “But that could change.”


© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

California Gov. Jerry Brown Issues 105 Pardons, but Retracts 1

Wednesday, 24 Dec 2014 23:54 PM

Continuing a Christmas Eve tradition, Gov. Jerry Brown issued pardons to 105 people Wednesday, before retracting one to  . . .

Ex-President George HW Bush to Stay Hospitalized

Wednesday, 24 Dec 2014 21:17 PM

Former President George H.W. Bush will remain overnight Wednesday in a Houston hospital where he was taken after experie . . .

Mississippi Towns Regroup After Deadly Storms

Wednesday, 24 Dec 2014 20:09 PM

Elizabeth Bordelon planned to go Christmas shopping until nasty weather blowing through southeastern Mississippi convinc . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved