Movement possible in NBA lockout
Negotiations between NBA owners and players are moving and a new labor deal is possible, CBSSports.com reported Thursday night.
The report cited sources that said talks are “moving,” with the sides inching closer on the division of basketball-related income and a willingness to negotiate on the financial system put in place.
The report backed up an earlier report on sheridanhoops.com that said the sides have moved closer on the BRI division. However, that report also had union chief Billy Hunter predicting the league would announce Friday the postponement of training camps and exhibition games.
Training camps open Oct. 3 and the first exhibition games are Oct. 9. During the last NBA lockout in 1998, the first cancellations came on Sept. 24.
The sides met Thursday and no new negotiating sessions have been scheduled. NBA commissioner David Stern acknowledge “the calendar is not our friend.”
Owners are believed to want a hard salary cap, a reduction of salaries and a greater share of revenue, of which 57 percent currently goes to the players. The union wants to maintain a soft salary cap and guaranteed contracts.