Matt Terl
Wednesday November 9th, 2011

The union representatives for the locked-out NBA players met today to have union leadership explain the latest proposal from the NBA owners, which has been called an ultimatum, according to tweets from Adrian Wojnarowski of Yahoo! Sports.  NBA owners have reportedly told the NBPA that if this offer is not accepted by Wednesday evening, it will be replaced by a markedly weaker one, with the players receiving a notably smaller portion of Basketball Related Income (BRI).

According to Wojnarowski, union president Derek Fisher said  "We're open-minded about potential compromises on our (BRI) number, but there are things in the system that we have to have...."

Union executive director Billy Hunter said that the NBPA would be trying to schedule a meeting with the NBA owners ahead of Wednesday's 5:00 deadline, according to Wojnarowski: "I anticipate we will have a meeting (with NBA) before 5 o'clock tomorrow." Such a meeting, Hunter intimated, might be the last chance to forestall the cancellation of still more NBA games; according to a tweet from Wojnarowski, Hunter "says he's hearing through 'underground' that the NBA will cancel games through Christmas if no agreement tomorrow."

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.