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Posts Tagged ‘Lock Out’

New York – At a meeting between the club owners and players in a hotel in Manhattan on Saturday (1 / 10) ago, which according to the information held for seven hours, but no progress is gained. Salary cap still be the most contentious.

“In fact, we’re a long way,” said NBA players association president, Derek Fisher, as reported by Reuters, who also mentioned the agenda of the next meeting on Monday (3 / 10) 2011.

“Even with some of the exchanges that we make today, there is still a very big difference between what we offer with which they have to offer .. We still have much to do, but we will continue like this,” he continued.

Regular competitions are scheduled to begin Nov. 1. However, due to the absence of mutual agreement between club owners and players, probably the most famous basketball competition in the world would be eliminated this season.

The owners of the NBA last season’s loss to 300 million U.S. dollars, and most of the clubs in the report “red”. They want the distribution of income related to basketball competitions from 50 to 57 percent, and the salary cap to tighten and shorten the contracts of the players.