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Posted at 02:40 PM ET, 10/09/2011

Report: NBA, players’ union officials will meet tonight with regular-season games on bring of cancellation

NBA and players union officials are expected to meet tonight in an attempt to avert the cancellation of regular-season games, according to two reports.

The meeting is expected to involve Commissioner David Stern, Deputy Commissioner Adam Silver, NBA Players Association Executive Director Billy Hunter and President Derek Fisher, the New York Times reported. Sports Illustrated confirmed the report.

After talks broke off last week, Stern said the league would cancel the first two weeks of the regular season, which begins Nov. 1, if there was no movement. Owners want a 50-50 split in revenue; players had offered to accept 53 percent, down from the 57 percent of basketball-related income they had earned under the previous collective bargainig agreement. The players’ figure would represent a $120 million annual pay cut; the owners’ figure would represent a $280 million pay cut.

By  |  02:40 PM ET, 10/09/2011

 
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