*NBA Commissioner David Stern, after a four-plus-hour labor meeting with the players’ union Tuesday closed with no deal, cancelled the last two weeks of the preseason and said he could scrap the first two weeks of the regular season if a deal doesn’t get done by Monday.
“We’re disappointed,” Stern said.
Stern said the league will suffer a $200-million loss without exhibition games, and his deputy Adam Silver said “the damage is enormous,” as Stern said, “We’re looking down the barrel of an extraordinary hit to the owners and players” by missing the first two weeks of the season.
Stern said Tuesday’s meeting stalled after NBA players failed to express interest a 50-50 split of basketball-related income. The players, calling the offer “unacceptable,” according to Silver, earned 57% of BRI in the 2010-11 season.
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