The NBA has shelved its exhibition schedule after a meeting with the Players Association ended in a stalemate on Tuesday.
If no agreement is reached by next Monday, the first 2 weeks of the regular season too will be wiped out.
No further meetings are scheduled making it more likely the league will lose games for the first time since 1998 - 1999.
Union president Derek Fisher of the Lakers said he will tell players that "the way it looks right now, we may not start on time."The owners have offered players a 50 – 50 split of all basketball related income but the players are demanding fifty seven per cent.
NBA talks fail to make progress; season in jeopardy
NEW YORK -- The start of the NBA season was thrown into doubt Tuesday after players and owners remained divided over the salary cap structure at a key labor meeting.
Tentative plans to talk again Wednesday were scrapped, and no further sessions were scheduled.
Union executive director Billy Hunter said players were prepared to make a "significant" financial move, but found owners unwilling to budge off their positions. Commissioner David Stern and deputy commissioner Adam Silver countered that the union insisted the current cap remain exactly as is before they would agree to any further discussions.
A sign of how the day went: Owners spent the majority of about five hours of behind closed doors caucusing among themselves.
Union president Derek Fisher of the Lakers said he will tell players that "the way it looks right now, we may not start on time."
Fisher added, "We can't find a place with the league and our owners where we can reach a deal sooner rather than later."
After three meetings among small groups in the last two weeks, full bargaining committees returned to the table Tuesday. They could have also met Wednesday, but Stern said it was best the two sides step away and meet with their own membership groups on Thursday.
Though owners are seeking an overhaul of the league's financial system after saying they lost $300 million last season, the salary cap appears to have emerged as the biggest obstacle to a new deal.
The current soft cap system allows teams to exceed the ceiling through the use of various exceptions if they are willing to pay a luxury tax, giving big-market teams such as the Lakers -- who can take on added payroll -- an advantage over the little guys.
But Hunter said a hard cap is "highly untenable," referring to it as a "blood issue" to the players. Stern said players wouldn't negotiate without first getting a guarantee from the league that it would concede on the salary cap.
"All of the owners were completely unified in the view that we needed a system that at the end of the day allowed 30 teams to compete," Stern said.
"And we went back and said to the players that although we have some ideas, we've been talking to each other, agreeing, disagreeing, coming up with everything we possibly could to see whether there was still time to save the season, it actually didn't make sense for us to respond to their nonnegotiable demand that everything remain the same."
Training camps have been expected to open Oct. 3 and the regular season's opening night is scheduled for Nov. 1.
Fisher, surrounded by a row of long faces among fellow NBPA executive committee members seated in a hotel conference room, said players are still committed to the process and "not walking away from the table." But Hunter repeated that players "have instructed us that they're prepared to sit out" rather than accept owners' current proposals.
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