NBA owners, players to meet again next week
Coming off their first meeting in nearly a month Wednesday, NBA owners and locked-out players will sit down again next week, SI.com reported Thursday.
The sides met Wednesday for six hours in New York, and while no new proposals were offered by either side, both agreed that the session was somewhat productive and felt it proper to continue to talk to each other instead of about each other.
According to the report, the meeting is expected to take place Wednesday or Thursday.
Owners and players remain very far apart on the particulars of a new collective bargaining agreement. The owners claim to have lost more than $300 million last season and are looking for a revamped economic system that would install a “flex cap” and reduce total player salaries by between $700 billion and $800 billion.
The players presented the most recent proposal early in the summer, one which called for increases to their salary. They have categorized the flex cap as another term for a hard salary cap.
A report earlier this week said a new CBA must be in place by Sept. 15 for training camps to open on time Oct. 1. NBA commissioner David Stern said Wednesday that there weren’t any “deadlines in mind.”
However, Stern did say following the previous meeting in early August that progress had to be made by Labor Day in order to avoid cancellations of a portion of the season.