Stern Cancels NBA Season Through Nov. 30
NEW YORK (WWJ/AP) - NBA Commissioner David Stern says that the NBA season is cancelled through Nov. 30.
The move came Friday after labor negotiations broke down for the second time in a week. Says Stern: "It's not practical, possible or prudent to have a full season now."
Negotiations broke down for the second time in a week, with players and owners still unable to figure out how to split the league's revenue and end the lockout.
After two days of making some progress on salary cap issues, the two sides brought the revenue split back into the discussion and got stuck on both.
Owners are insistent on a 50-50 split of revenues, while players last formally proposed they get 52.5 percent, leaving them about $100 million apart annually. Players were guaranteed 57 percent in the previous collective bargaining agreement.
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