NBA cancels all games through Nov. 30
NEW YORK (KABC) -- Commissioner David Stern said Friday that NBA games will be canceled through Nov. 30 after labor negotiations broke down for the second time in a week.
Owners and players were still unable to agree on how to split the league's revenue and put an end to the lockout.
"It's not practical, possible or prudent to have a full season now. We held out that joint hope together, but in light of the break down of talks, there will not be a full NBA season under any circumstances," Stern said.
The two sides were struggling on many issues, including revenue sharing, the length of the deal and player raises.
"We were giving and taking and moving in very positive ways, including, from our perspective..., two big gives on contract length and the mid-level exception, and then we hit a wall," Stern said.
Owners are insistent on a 50-50 split of revenues, while players last formally proposed they get 52.5 percent, leaving them about $100 million apart annually. Players were guaranteed 57 percent in the previous collective bargaining agreement.
No further talks have been scheduled. Union president Derek Fisher said it was difficult to say why talks broke down, or when they would start up again.
The Associated Press contributed to this report.
nba, rob fukuzaki
- Memorial Day: More travelers hitting the road
- First section of new 405 Freeway lane opens
- Truck in bridge collapse had permit to cross
- Disneyland holding Monstrous 'All-Nighter'
- 405 North crash, fuel spill snarls traffic
- Fatal S. LA drive-by shooting suspects sought
- LA attempted murder suspect caught in Colo.
- Covered California announces 13 health plans
- UK-bound Pakistan plane diverted; 2 arrested
- abcnews: New clues to 'frustrated' Boston suspect
- NASA wants astronauts on asteroid by 2021
- Kings beat Sharks 3-0, take series lead 3-2
- Amanda Bynes arrested in NYC on pot charge
- OTRC: 'Hangover 3,' 'Fast & Furious 6' film reviews