Prepare to get your College basketball fix for the month of November, NBA fanatics.
With talks between the NBA’s locked-out players and owners breaking off Friday without a deal, commissioner David Stern has announced the cancellation of games through Nov. 30th and that the NBA will not play a full season “under any circumstances.”
“It’s not practical, possible or prudent to have a full season now,” Stern said.
Stern made the announcement after a third consecutive day of meetings ended without a deal in sight. While the two sides made progress on system issues during talks on Friday, it screeched to a halt when the topic turned to revenues, he said.
Reiterating the league’s offer to go as high as a 50-percent split of basketball-related income with the players, Stern said union executive director Billy Hunter “said that he was not willing to go a penny below 52 (percent).”
“He closed up his book and walked out of the room. And that’s where we are,” Stern said.
No further talks have been scheduled.
The players will not accept a 50-50 split, Hunter and union president Derek Fisher of the Los Angeles Lakers said.
“Derek and I made it clear that we could not sell the 50-50 deal to our membership. Not with all the concessions that we’ve granted,” Hunter said. “We’ve got to have some dollars.”
“We feel like we’ve made concessions,” Fisher added. “Right now it’s not enough.”
Hunter said the league initially moved its target down to 47 percent during Friday’s six-hour session, then returned to its previous proposal of 50 percent of revenues.
“We’re not quite sure if they’re at 50 or if they’re really at 47,” Fisher said.
But Stern challenged that characterization, saying the league’s offer was 50 percent.