The Official S2 NBA Lockout Thread!

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Stern: Owners moved off the hard cap. Previously agreed guaranteed contracts would be authorized, no rollbacks. Players could opt out 7 yrs
 
Stern expected to say rest of preseason cancelled and first two weeks of regular season cancelled without a deal by Monday, source says.
 
Stern: Owners floated a 50-50 deal, players said no. That ended the meeting.
 
Stern: league offered players an opt-out After yr seven of 10-year proposal. Players offered 50-50 BRI split, but rejected it.
 
David Stern: "By Monday, we'll have no choice but to cancel the first two weeks of the regular season."
 
SpearsNBAYahoo: "We have no forgone conclusion and no meetings scheduled," Stern said.
 
Stern: No meetings scheduled. We were told it's not to be.
 
Adam Silver: We were prepared to meet around the clock. 50-50 killed it.
 
Stern refused to say whether 50-50 offer was one-day only. Says league will lose $200 million as a result of no preseason
 
"There is an extraordinary hit to the owners and the players," Stern said.
 
Stern: We thought this was the time there was a real opportunity to make progress. It wasn't to be.
 
"We are now looking down the barrel of the first two weeks of the season," Stern said.
 
The Celtics getting pissed is totally understandable. Losing a season while in the twilight of their respective careers essentially kills their chances at competing for a title again.
 
Stern says any new offer will be adjusted for the eight games (or so) players were obligated to play in preseason.
 
Stern said he and Hunter stood together in meeting and said, "What about 50-50?"
 
Stern said this 50-50 offer was without the additional expense reductions Hunter described.
 
What's really fucked up is NBA Entertainment was following Kobe around for some special they're doing on him. So the league has lockout the players, the teams can't mention them by name but the Entertainment division of the NBA can still film them, lol.
 
Silver said he, Stern, Holt and Hunter/Fisher tried to strike this deal in small group of 50-50 based on old BRI formula.
 
Kevin Garnett was extremely emotional in players pre-meeting, sources say. He was rallying peers to hold firm on BRI split.
 
DeMar_DeRozan...........

Not taking no BS deal. We gotta do what we gotta do & stand together...
 
Stern continues to say the owners would have gone for a 50-50 split. Silver reiterates system issues are still big
 
Stern: Simply no way union proposal could make us profitable as a league.
 
Stern asked by NY Times if owners willing to blow up season to get 100 pct of what they want. Stern says, "We have a reset here."
 
Stern cites the declining stock market in answering Times' question, says owners take "all the risk."
 
"The owners are taking all the risk and they've guaranteed the players current contracts would not be impacted," Stern said.
 
sheridanhoops: Stern said deal must be made by Monday in order to avoid cancellation of first 2 weeks of the season. So now we know when the 11th hour is.
 
Stern says, "It makes me very sad" if some players lose the last year of their careers.
 
Stern: Playing in Italy is Kobe's right. "We wish him well." Says it won't have any impact on negotiations.
 
Adam Silver sounds like the real commissioner here

David Stern is starting to lose it. Looney.
 
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