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NBA players, owners decide to meet again today

November 9, 2011 | 11:25 am

Less than 24 hours after locked out NBA players turned down team owners' latest contract proposal, the two sides agreed to meet Wednesday to continue negotiations.

The owners and players union were to sit down together in New York at 1 p.m. Eastern time (10 a.m. Pacific).

Both union executive director Billy Hunter and NBA Commissioner David Stern had said Tuesday afternoon that they would be willing to meet Wednesday to see if they could get a deal done.

Stern had given the players a 5 p.m. Eastern deadline to accept the league's offer, or risk the next offer being less.

The players rejected that offer after meeting with 43 players, 29 of them representatives for their teams, Tuesday in New York.

The players now have been locked out for 132 days and have seen the entire regular-season schedule for the month of November canceled.

-- Broderick Turner

Photo: Players union president Derek Fisher speaks at a press conference, joined by union executive director Billy Hunter and other NBA players Tuesday. Credit: Patrick McDermott/Getty Images