No NBA deal after day of salary cap talks
Friday, September 30, 2011
NEW YORK (AP) -- NBA owners and players failed to reach a deal after about seven hours of talks Saturday, mostly about the salary cap structure, and will meet again Monday.
Union executive director Billy Hunter says the sides are still "miles apart" on the cap system, and they didn't even talk about the division of revenues, the other big obstacle to a labor deal that would end the lockout.
With exactly a month left before the regular season opens, Commissioner David Stern said he had nothing to announce in terms of cancellations. But the remainder of the preseason schedule is in jeopardy, and given there hasn't been the progress he wanted this weekend, the real games could now be threatened, too.