The NBA have cancelled all games until 15th December after the National Basketball Players Association informed the league of its plans to disband.
The news means that 20 matches from the original 82-game schedule have now been lost and there appears to be little sign of an agreement being reached between the players and the league in the near future.
NBA commissioner David Stern has repeatedly said that there will have to be approximately 30 days between a new collective bargaining agreement being settled and the season getting underway. Those following the latest basketball betting online will know hopes are fading.
The players have filed complaints in Minnesota and California claiming the league violated the Sherman Antitrust Act when it shut its doors to players in July.
The class-action lawsuit in Minnesota states that the NBA's lockout "constitutes an illegal group boycott, price-fixing agreement, and/or restraint of trade in violation of the Sherman Act."
In response, the NBA has filed a lawsuit in New York arguing that its lockout is legal.
Stern is beginning to think the whole season will have to be cancelled, admitting: "It looks like the 2011-12 season is really in jeopardy."
The players are seeking a minimum 52.5 per cent share of teams' basketball-related income, but have indicated in recent days that they would accept 51 per cent with an additional one per cent going to a fund for retired player benefits.
The league's current offer gives players between 49 per cent and 51 per cent, but the players argue that 50.2 per cent would be the best realistic outcome under the terms of that deal.
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