David Stern cancels first two weeks of NBA season

Posted: 10/10/2011 in Basketball, NBA
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The NBA announced Monday that it has canceled the first two weeks of the 2011-12 regular season.
Representatives from the league and its players met for over seven hours Monday, but because a new collective bargaining agreement has not been reached, contests originally scheduled to be played through November 14 were canceled.
“Despite extensive efforts, we have not been able to reach a new agreement with the players’ union that allows all 30 teams to be able to compete for a championship while fairly compensating our players,” NBA deputy commissioner Adam Silver said.
The league announced that refunds plus interest are available for all NBA season-ticket holders for all preseason and regular season games that have been called off.
It’s the first time the NBA has canceled games since the 1998-99 season, when the schedule was reduced to 50 games because of a work stoppage.
The stickiest issue in the lockout has been the split of basketball-related income. The owners want players to agree to a 50-50 share, while the players apparently aren’t willing to go below 53 percent.
The NBA lockout, of course, began on July 1 after the most recent labor deal between the sides expired.
Unlike the labor strife that caused NFL lockout, which long appeared to be solvable, the problems facing the NBA have led observers to warn about a prolonged dispute like the one that canceled the 2004-05 NHL season.
– Steve
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