The NBA and its players met for several hours on Wednesday and Thursday to resolve the four-month old lockout in time to save a majority of the season.
After two days of talks about the salary cap system, they will turn their attention back to the division of revenues, which derailed the negotiations last week. The owners had insisted on a 50-50 revenue split with the players before proceeding to any further points, which prompted immediate backlash from the players.
Owners have insisted they will not go beyond a 50-50 split of basketball-related revenues, which means the sides are still about $100 million apart annually, based on last season’s numbers. Players have proposed reducing their guarantee from 57 percent down to a current level of 52.5, but they’re unlikely to go much further without some concessions on the system issues from the owners.
The sides stated there was some minor progress on the system issues after about 7½ hours of talks Thursday. They decided to wrap it up and get some rest following a marathon 15-hour session Wednesday.
Friday’s talks could either go a long way to ending the lockout or derail the entire process again. There was even mention that, should a deal be reached very soon, the first two weeks’ games would be rescheduled and the players could potentially play an 82-game season. However, if significant progress is not made, we will probably see cancellations through the end of November – and if the talks end acrimoniously again, even further.