By Will Yoder
November 09, 2011

NBA labor talks are set to resume at 1 p.m. ET Wednesday in New York, according to Chris Broussard of ESPN The Magazine.

The NBA Players Association rejected the league’s most recent proposal Tuesday and hoped to host another round of discussions before commissioner David Stern’s imposed 5 p.m. ET deadline, after which all “rational” deals would be pulled from the bargaining table.

The league’s standing offer would give the players anywhere between 49 and 51 percent of basketball related income (BRI). According to reports, other points of contention are the tax penalties and other related rules for tax-paying teams.

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