NBA Commissioner Cancels 1st 2 Wks of NBA Season

[Arethusa]

Hot off the presses - the announcement follows yesterday's breakdown in labor negotiations and is effective through November 14th:

NBA cancels season's first two weeks

Foxsports.com
10 Updated Oct 10, 2011 10:11 PM ET

NEW YORK (AP) NBA Commissioner David Stern canceled the first two weeks of the season Monday after owners and players were unable to reach a new labor deal and end the lockout.

Top negotiators for both sides met for more than seven hours Monday, returning to bargaining about 14 hours after ending talks Sunday night.

Stern said both sides are ''very far apart on virtually all issues. ... We just have a gulf that separates us.''

The cancellation includes all games scheduled to be played through Nov. 14. . .

Link for more:
msn.foxsports.com/nba/story/nba-cancels-first-two-weeks-regular-season-david-stern-labor-negotiations-nba-players-association-fail-to-reach-deal-101011

Arethusa

[dustdevil28]

The NBA's biggest problem, as far as i can see, is the lack of a salary cap. Teams are literally signing players to contracts for money they don't have. Incredibally the NBA is finding itself financially insolvent. In order to bring the financial house into order they need a cap which is going to mean a pretty big pay cut for players.

So understandably the players will not be moving anytime soon, but with owners running teams in the red for the last couple of years, they won't be moving on the issue either.

IMO, the owers are right here. The players got away with gaudy contracts for a good while, but now is a time to bring the league into the financial responsibility it should have had in the first place. If this means an entire cancelled season, so be it. There's always college basketball.

-DD