NBA Players To Meet In LA In Last-Ditch Effort To End Lockout
LOS ANGELES (CBS) — National Basketball Association players plan to meet late Monday in a last-ditch effort to end the league lockout.
The meeting was originally scheduled for Monday morning in Beverly Hills but has been postponed until the afternoon so negotiations between players and team owners can continue.
Representatives for players and owners met for more than five hours Sunday in New York.
NBA commissioner David Stern says the first two weeks of the season will be canceled, beginning on Nov. 1, if no deal can be reached.
The players have been locked out since July 1. Last week, the league canceled the entire NBA preseason.
The Associated Press reported Monday morning that players and owners have not come to an agreement over the split of revenues.
Last week, league officials asked the union if they would consider a 50/50 split of basketball-related revenues, but players said they would not go below 53 percent.
Additionally, both sides must still work out a salary cap agreement.
"We're not necessarily any closer than we were going in tonight but we're back at it tomorrow," Lakers star and players union President Derek Fisher said Sunday.
Meanwhile, LA Live restaurants say they fear no NBA season hurt their business and they could be forced to layoff employees, KNX 1070's Pete Demetriou reports.
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There are at least 700 ushers, security guards, concession workers and parking attendants that also stand to have their hours cut or be let go.
The Lakers and Clippers both host 82 games per year at the Staples Center.
