NBA players rejected the owners' latest offer Monday and moved to disband their union, setting up an antitrust lawsuit and putting the 2011-12 season at risk.

Commissioner David Stern called the move a "big charade" and said "we are about to go into the nuclear winter of the NBA" after the players nixed a proposal that called for a 50-50 split of basketball-related income (the players received 57 percent in the old collective bargaining agreement) and a series of changes to the cap and tax system.

The sides could still negotiate and settle in time to salvage the season. But the process is now shifting from the negotiating room to the court system and even sports law experts are unsure how this will play out. In the meantime, we want to hear from you about the latest developments and your feelings about a lockout that has dragged on for four and a half months.

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