After 118 days of the NBA lockout it now appears as if the league is now further away from commencing than when the talks started in June.
Many are now calling for the NBA to cut its losses and just cancel the 2011-2012 season rather than continue to disappoint the fans who still remain hopeful that an agreement can be reached.
According to the New York Daily News, the NBPA and NBA owners have scheduled their latest meeting for Wednesday in Manhattan and remain hopeful of solving some of the issues that are currently stopping the season from getting underway. Fans of NBA online will be disappointed.
The two parties are thought to be still at loggerheads over the 'Basketball Related Income' (BRI) clause which previously saw the players previously picking up 57% of the BRI in the old deal. However, the owners are looking for a 50/50 split and say they will settle for nothing less than 52.5%.
The owners are also looking to stop a new luxury tax being introduced that would enable smaller teams to compete for star free agents and are also looking to find a way to avoid having to sign players on expensive long-term contracts in case they fail to perform. Those looking for NBA betting tips should bear this in mind.
In contrast, the players feel these terms are unfair and feel that in conceding both would give the owners too much power and would make them weaker in future negotiations.
NBA commission David Stern has already threatened to cancel more games if a deal want made by Tuesday but has delayed his decision due to the ongoing talks.
"The resumption of talks is the reason the league held off on the cancellation of at least two more weeks of the regular season," he told the New York Daily News.
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