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NBA, players to meet Wednesday

August 29, 2011 |  3:28 pm

Nba-logo_175 Trying to bridge a great divide, a small group of NBA and players' union representatives are expected to gather for a Wednesday meeting in New York, league sources said Monday.

League owners and players are far apart in their efforts to address reports that as many as 23 teams are losing money. The players are willing to accept less than their 57% of 2010-11 basketball-related income (about $2.15 billion), but they don't want to accept a hard $2-billion salary cap for several years.

Owners have locked out the players and are willing to ultimately miss games and cost the players paychecks should there not be some more significant bargaining.

League owners are scheduled to gather Sept. 15 at a board of governors' meeting to establish how to move forward based on the tone of the negotiations.

The players have asked the National Labor Relations Board to consider a complaint that the owners haven't bargained in good faith, but there's no guarantee the NLRB will act soon on that matter.


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