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Report: Union, owners back to bargaining table
Posted By HOOPSWORLD On November 23, 2011 @ 3:51 pm In All,Wirenews | Comments Disabled
The NBA and its players’ association are back to the bargaining table in an effort to avoid cancelling further games, according to a report on Yahoo! Sports.The two sides resumed talks Tuesday and are continuing into Wednesday, according to a pair of sources close to the situation. The report went on to say that a status report on the negotiations was expected later in the day.Owners and the now-dissolved union ceased negotiations after the players overwhelmingly rejected the league’s final offer. Decertification proceedings began almost immediately, putting the entire season in jeopardy.The two sides have been embroiled in a tense relationship as they work to hammer out a new collective bargaining agreement. The standoff has already resulted in the cancellation of the first six weeks of regular-season games, and further delays threaten the entire season.Theleague and union remain apart on several key issues, including the division of basketball-related income (BRI). The league’s final offer contained a 50-50 split, while the players have said they would only accept such a division if the owners relented on other issues, including the mid-level exception and the luxury tax.
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