WojYahooNBA Adrian Wojnarowski
At end of labor meeting, still "big gaps" one official says between two sides. Meeting again on Friday. Some movement, civil meeting.
WojYahooNBA Adrian Wojnarowski
NBPA will continue to resist hard salary cap, and impossible to imagine owners backing down on it prior to June 30th deadline.
WojYahooNBA Adrian Wojnarowski
Stern: "We've modified proposal to a flex cap, where some teams can go above it, some can go below it..."
WojYahooNBA Adrian Wojnarowski
Stern says new deal would guarantee players $2 billion in annual salaries over 10 year deal. "Our best shot .." to get a deal done.
WojYahooNBA Adrian Wojnarowski
Stern: NBA proposed a targeted $62 million cap. As far as league's best offer? "It's all out there." Wouldn't call it "final" though.
WojYahooNBA Adrian Wojnarowski
Players have meeting scheduled for Thursday, and will respond to league's proposal on Friday in another league-union meeting.
Updates:
http://www.nba.com/video/channels/nba_t ... ef:nbahpt2
http://www.nba.com/2011/news/06/24/asch ... ef:nbahpt1