Sides to continue talks Thursday after 12-hour session

NEW YORK (AP) — David Stern’s deadline passed without a deal, though the NBA and its players will talk again Thursday.

The NBA commissioner wouldn’t give any hints about what that means for hopes of ending the lockout.

“I would not read into this optimism or pessimism,” he said. “We’re not failing. We’re not succeeding. We’re just there.”

Players and owners met for more than 12 hours on the 132nd day of the lockout, an important one after Stern warned that if players didn’t agree to the league’s latest proposal by the end of the business day, a far worse one would be coming.

Instead, he “stopped the clock” and said the backup offer would only go into play if this round of bargaining breaks down.

As usual, neither side offered many specifics, though union executive director Billy Hunter said the sides never got around to discussing the split of basketball-related income.

Besides that, there are still a handful of issues related to the salary cap system that players want addressed before they might agree to the league’s demands for a 50-50 split of revenues.

via Sides to continue talks Thursday after 12-hour session | NBA.com.

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