By Evan Hilbert
November 09, 2011

NBA commissioner David Stern had issued an ultimatum to players that said if they did not accept the current offer from the owner by 5 p.m. Wednesday the next offer would be worse. The players did not agree to that offer, though talks have continued beyond the deadline, according to an ESPN.com report.

The latest offer suggested that players would receive between 49 and 51 percent of the basketball related income, though union representatives said that it could never rise higher than 50.2 percent. The players rejected the deal Tuesday, but did ask to meet again prior to Wednesday's deadline.

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