Despite the grim outlook of potentially lengthy and costly lawsuits, there are strong indications that NBA officials and attorneys representing the players want to take one more shot at reaching a settlement before the possibility of having close to a full season is devoured by the legal process.

Two people who have been briefed on the league’s strategy told CBSSports.com that the NBA is holding out hope that a settlement can be reached in time for the season to begin no later than Christmas. One of those people said the process already is under way through what he described as “back-channeling,” although sources from both sides professed no knowledge of such conversations.

A third person said that based on how vendor contracts and other financial arrangements were put in place, starting the season by Christmas would be optimal as far as preserving those relationships, and of course, revenues. Multiple people who have spoken with top NBA officials about the matter said it is understood that starting the season after Christmas is not viewed as a viable option.

via Ken Berger of CBS Sports