NBA owners and players are set to resume labor negotiations Wednesday in New York, ESPN reports. Despite lengthy meetings last week – 30 hours in three days – the two sides have yet to find common ground and end the NBA lockout.
The lockout began July 1 after the collective bargaining agreement had expired. The lockout has already cancelled two weeks of the NBA season and unconfirmed reports claim that two more weeks of the NBA's regular season are in jeopardy now as well.
The two main sticking points for the owners and players remains the split of basketball-related income (BRI) and the system under which teams will conduct business. BRI figures being discussed remain far apart, with the players not budging from their 53 percent figure while NBA commissioner David Stern insists owners will not part with more than 47 percent. The players, meanwhile, continue to play basketball in charity games across the country, despite the lockout. Earlier this morning, reports confirmed that the World All-Star Classic, featuring nearly two dozen NBA stars is a go.