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NBA owners, players talk, agree to resume negotiations Thursday

September 7, 2011 |  2:21 pm

Dsternlockout The NBA labor talks concluded after 5-1/2 hours Wednesday in New York, and both sides agreed to resume negotiations on Thursday.

No details have emerged yet about Wednesday's session, but the planned back-to-back sessions are the first consecutive days of labor talks since the NBA locked out its players on July 1.

Last week NBA Players Assn. President Derek Fisher said there was a sense of urgency in the talks because the start of training camp is scheduled for Oct. 1, with the regular season set to begin Nov. 1.

Both sides have been deeply divided on how to distribute basketball revenue. Previously, the NBA called for a $2-billion annual salary pool that would shrink last season's $2.15-billion pot based on league claims that 23 of 30 teams lost money during the 2009-10 season. The owners also want to institute a hard salary cap that would deeply reduce the pay of supporting players.

-- Barry Stavro

Photo: NBA Commissioner David Stern in June. Credit: Mary Altaffer / Associated Press.

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