Standing before representatives from 29 of the 30 NBA teams, players' union president Derek Fisher told reporters that the current offer on the table from NBA owners is not acceptable for the union's membership.
"I don't see a way we can get a deal done by Wednesday," Fisher said of the deadline proposed by the owners.
Fisher said that the players were still hopeful of negotiating prior to the Wednesday deadline. At issue is the amount of basketball-related revenue players and owners would split in any potential new deal. The players have offered to reduce their share of revenue from 57 percent to 52.5 percent, while the league is seeking a split closer to 50-50. NBA commissioner David Stern said on Monday that the league's offer would get worse if the two sides could not agree to a deal by Wednesday, dropping the players' share to 47 percent.
Union director Billy Hunter said he would try to reach out to Stern to get the sides back at the bargaining table tomorrow.
"The players are clearly of a mind that it's an unacceptable proposal," said Hunter.
The main contributors to The Buzz are:
- Steve Silva, Boston.com senior sports producer
- Gary Dzen, Boston.com senior sports producer
- Zuri Berry, Boston.com sports producer