NBA owners, players end talks for the night
BRIAN MAHONEYBRIAN MAHONEY, AP Basketball Writer?
?Minnesota Timberwolves owner Glenn Taylor,left, arrives at a midtown hotel where NBA labor talks are scheduled to resume, Saturday, Nov. 5, 2011, in New York. (AP Photo/ Louis Lanzano)
Minnesota Timberwolves owner Glenn Taylor,left, arrives at a midtown hotel where NBA labor talks are scheduled to resume, Saturday, Nov. 5, 2011, in New York. (AP Photo/ Louis Lanzano)
Orlando Magic President Bob Vander Weide, left, arrives at a midtown hotel where NBA labor talks are scheduled to resume, Saturday, Nov. 5, 2011, in New York. (AP Photo/ Louis Lanzano)
New York Knicks owner James Dolan arrives at a midtown hotel where NBA labor talks are scheduled to resume, Saturday, Nov. 5, 2011, in New York. (AP Photo/ Louis Lanzano)
Joel Litvin, President of League and Basketball Operations for the National Basketball Association, arrives at a midtown hotel where NBA labor talks are scheduled to resume, Saturday, Nov. 5, 2011, in New York. (AP Photo/ Louis Lanzano)
Orlando Magic President Bob Vander Weide, left, arrives at a midtown hotel where NBA labor talks are scheduled to resume, Saturday, Nov. 5, 2011, in New York. (AP Photo/ Louis Lanzano)
NEW YORK (AP) ? NBA owners and players have ended negotiations for the night after meeting for more than eight hours.
They met late into the night Saturday in hopes of ending the lockout before it could do further damage to an already-shortened schedule. Federal mediator George Cohen faces a difficult task in trying to help the sides close the financial gap that derailed talks again last week.
Owners are determined not to give players anything more than a 50-50 split of basketball-related income. Players, who were guaranteed 57 percent under the old collective bargaining agreement, have proposed a reduction to 52.5 percent, leaving the sides about $100 million apart annually based on last season's revenues.
Commissioner David Stern already has canceled all games through November.
Associated PressNews Topics: Sports team and league operations, NBA basketball, Men's basketball, Sports, Sports industry, Entertainment industry, Media and entertainment, Industries, Business, Sports business, Professional basketball, Basketball, Men's sportsmiami hurricanes football emmy winners emmy winners sportsbook sportsbook directions driving de la salle
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