NBA Talks Done For Day, Will Resume Thursday
Searching for progress to end the NBA lockout, owners and players held another lengthy bargaining session Wednesday despite the departure of Commissioner David Stern.
Watch CBS News
Searching for progress to end the NBA lockout, owners and players held another lengthy bargaining session Wednesday despite the departure of Commissioner David Stern.
NBA players and owners spent a marathon 16 hours meeting with a federal mediator and planned to return early Wednesday to continue the talks.
NBA players and owners met for more than 10 hours with a federal mediator, hoping to deliver the progress Commissioner David Stern says is needed to avoid canceling more games.
NBA players and owners are meeting with a federal mediator, and Commissioner David Stern believes more games could be canceled if there isn't movement toward a new labor deal.
The unemployment rate is still high, and yet, here we sports fans are again, listening to another group of millionaires and billionaires argue over money.
The fate of the NBA's season could rest on Tuesday's meetings.
NBA owners apparently weren't bluffing when they said they wanted competitive balance just as much as a chance to profit.
National Basketball Players Association Director Billy Hunter has said repeatedly that the NBA's intention was always to cancel 2011-12 regular-season games.
For weeks I continued to say that the NBA would start on time. All my peers said I was crazy but I stuck to my guns thinking the two sides would work it out. Boy was I wrong.
NBA Commissioner David Stern has canceled the first two weeks of the season after owners and players were unable to reach a new labor deal and end the lockout.