NBA

Owners, players meet to talk over NBA lockout issues

Updated: 02 September 2011 11:59 IST

NBA leaders and players union representatives met for about six hours on Wednesday in only the second bargaining session for a new contract since NBA club owners locked out players two months ago.

Owners, players meet to talk over NBA lockout issues

New York:

NBA leaders and players union representatives met for about six hours on Wednesday in only the second bargaining session for a new contract since NBA club owners locked out players two months ago.

The sides had not met since August 1 and remain far apart on financial terms with two months remaining until the scheduled November 1 start of the 2011-2012 season and even less before training camps are set to open in October.

"We don't have any deadlines in mind," NBA commissioner David Stern said. "We just have meetings in mind and discussions in mind."

Stern, deputy commissioner Adam Silver and San Antonio Spurs owner Peter Holt met with union executive director Billy Hunter and union president Derek Fisher of the Los Angeles Lakers.

Owners claim major losses and seek salary cuts and a firm payroll cap while players hope to keep things basically as they have been under the old deal made in 2005. Each side has pocketed about half of $4.3 billion in annual revenues.

The only other shutdown of the NBA over financial issues between owners and players came in the 1998-1999 season, which was reduced to 50 games.

Topics : NBA
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