The first of its kind since the lockout began a month ago, the session had all high profile representatives in attendance including players’ association head Billy Hunter, president Derek Fisher and NBA Commissioner David Stern.
Although the talks were relatively cordial, no real progress has been made to resolve the dispute.
According to Stern, the league and owners feel that the players are not negotiating in good faith, being unwilling to concede losses on their current 57 per cent basketball related income (BRI) split.
The players have again rejected the league’s latest offer despite not presenting an offer of their own since late June.
Despite the little progress being made, both sides have agreed in principle to meet at least two or three more times this month.
Most analysts agree there will be little movement by the players or owners until November 15, the first scheduled pay day for the players.
It’s expected that once the players begin to lose money from the lockout, they may soften their current stance.
The season is scheduled to start on November 1, though if the current talks are any indicator it could be much longer before we get any more NBA action.
jim_bar
Guest
hmmm I'm sure with an average wage of $5.356M the average NBA player must be doing it tough in the current economic climate. alternatively they could get over themselves...................