Report: Stern to Announce More Game Cancellations
Though progress has been made in negotiations between NBA players and owners, sources have told ESPN's Chris Broussard that commissioner David Stern will announce the cancellations of more games. Sources told Yahoo!'s Adrian Wojnarowski that games would be canceled through November 30. Basketball-related income is reportedly the most contested issue.
Under the previous collective bargaining agreement, players were promised 57% of the revenue. They are currently seeking just 52.5%, while owners are holding firm at a 50-50 split.
Union president Derek Fisher and union executive director Billy Hunter said Friday that the players have made concessions, and they will not accept a 50-50 deal.
"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." The players and owners have met for significant amounts of time over the last couple of days, and both sides agree that some compromises have been made. Still, the revenue sharing issue remains the biggest road block, and there has yet to be significant progress in that area.