NBA Cancels First Two Weeks of Regular Season, No Immediate Talks Scheduled

Unable to reach an agreement with the players, the NBA announced late Monday that the first two weeks of the regular season have been canceled. “Despite extensive efforts, we have not been able to reach a new agreement with the players’ union that allows all 30 teams to be able to compete for a championship while fairly compensating our players,” NBA Deputy Commissioner Adam Silver said. David Stern added that there is no chance that games will be made up, thus solidifying that the league will not see an 82 game season. No further meetings are scheduled between the NBA and NBPA. The core issues continue to center on the split of Basketball Related Income (BRI), and the Luxury Tax. The owners are looking for a 50-50 split on the BRI, while the players have stood fast to not going any lower than 53 percent of BRI. The last CBA had players receiving 57 percent of BRI. The league saying that increased cost of doing business, along with the cost for player salaries resulted in $300 mi...