NEW YORK — With less than 24 hours left to reach a deal that would save NBA games this season, the owners and the union will meet later tonight in a last ditch effort to reach an agreement.
A source with knowledge of the meetings told The New York Times earlier today David Stern, Billy Hunter and other reps will meet in New York with only hours left to save games.
This comes after it was reported on Friday that the owners would not meet with the players and the union without a 50-50 split on Basketball Related Income agreed upon. There has been no indication that those demands have been met by the union.
The players have agreed to lower their percentage of BRI from 57 percent to 53 but the owners want that lowered to at least 49 percent. The three percent represents roughly $120 million which is why the percentages are so important to both sides.
Stay tuned to Pippen Ain’t Easy for the latest news on the NBA Lockout and the 11th hour meeting.