Report: Owners, Players holding Hail Mary bargaining session
NBA players and owners still have no deal headed into the deadline day for starting the season on time.
Negotiators for the sides agreed to meet Sunday and then huddled for more than five hours before breaking for the night. They agreed to resume talks Monday afternoon, but union president Derek Fisher of the Los Angeles Lakers acknowledged that the sides are "not necessarily closer" to a deal than they were when talks stalled last week.
HoopsVibe’s Very Quick Call: It was worth a shot.
Owners and players met Sunday in New York in an effort to make progress on a new collective bargaining agreement, so regular season games would not get cancelled.
The bottom line is, well, the bottom line.
Basketball Related Income, how owners and players split all revenue earned, is the elephant in the room.
The players are sticking firm to their offer of 53% of BRI. The owners want an even 50-50 split.
Once they reach common ground on BRI, the hard cap, guaranteed contracts, and exceptions and loopholes will fall into place.
The concern is whether they reach an agreement on BRI in time to save the start of the regular season.
The only thing we know is the two sides will talk again Monday.
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