No Deal! – NBA & Players Fail To Reach A Deal
After what appeared to be a change in the NBA Owners’ stance on the current labor situation, today’s meeting in New York yielded more of the same. Both sides remain far apart on both the mechanical components of a labor deal and a mechanism to share revenue.
Sources close to the situation said this weekend that the Players were expecting a better offer from the Owners and after six more hours of talks, the Players’ view is that there simply is no framework for a deal based on what was presented today and that from their view there is no reason to schedule more talks.
Players Association director Billy Hunter told gathered reporters that his side was prepared to make a “significant move” however that was not met in the Players’ opinion by the NBA Owners.
“We’re not marching towards a deal at this time or at any time we can predict,’ explained Players’ Association President Derek Fisher. “We can’t come out of here thinking that training camps and preseason are going to start on time at this point.”
According to reports, there was not a “new” proposal presented, however there was at least some belief that the Owners had bought into the Players’ plan on how to divide revenues, however the two sides could not agree on major mechanical parts of a deal.
Billy Hunter told reporters that he notified his players that it was likely the NBA would lose at least half the season.
The NBA Owners have a Board of Governors meeting scheduled for Thursday, it is highly likely that they vote to empower the cancellation of Training Camp dates and even Preseason games based on today’s meeting.