What could have been a major turning point in the NBA lockout ended up as a day dreaded by fans all week. After many threats from commissioner David Stern about canceling more games, he finally made his move yesterday.
Stern cancelled all games through November, and he said there is no way of making those games up if and when the lockout ends.
“We held out that joint hope together, but in light of the breakdown of talks, there will not be a gull NBA season under any circumstances,” he said. ”It’s not practical, possible or prudent to have a full season now.”
Basketball-related income remains the key issue preventing the lockout from ending. The owners want a 50-50 split, but the players are not willing to go lower than 52 percent. With both sides no closer to coming to an agreement than they were when talks resumed Friday morning, Stern worries about what is next.
The difference in percentages on the BRI is about $100 million, and NBPA executive director Billy Hunter said the players could be out $350 million for each month the players are locked out.
Reports sounded optimistic Friday morning that the lockout was nearing an end. The players and owners tentatively agreed to a midlevel exception starting at $5 million, as well as contract lengths that would be five years for players staying with their trams and four when leaving for another.
But just like every other session during this lockout, things hit a roadblock concerning the split of the league’s revenues.
No further meetings were scheduled, so it still remains unclear when the lockout will end.