Nov 9, 2011, 5:09 PM EST
David Stern threw down an ultimatum last Saturday night (early Sunday morning, actually) — accept our deal by 5 p.m. Wednesday or we are going to replace it with a deal so bad for players we might as well cancel the season. Okay, he didn’t say anything about canceling the season, but he might as well have.
Well the deadline has come and gone…. and nothing.
The owners and players are still negotiating in New York through the deadline. They had met for more than four hours Wednesday as of this writing. The reality is the deadline was artificial anyway, so long as the sides are talking and making some progress they will keep going at it. Consider it the Alan Jackson/Jimmy Buffett theory — It’s 5 O’ clock Somewhere.
If the talks blow up again maybe Stern will pull the current offer and put off the rollback offer out there, but for now nothing.
For now, we wait.
The players rejected the owners offer as is saying they would consider a 50/50 basketball related income split so long as the owners gave more on system issues such as the mid-level exception and luxury tax issues. Stern can make some tweaks to the offer, but not big ones.
We sit and wait to see if that is enough.
- Knicks snap nine-game losing streak by crushing depleted Nets 0
- David Stern issues statement on passing of Nelson Mandela, players take to twitter 5
- Kobe Bryant sounds close to return, will not offer specific date 4
- Knicks and Nets might not remain so mockable for long, so enjoy it while you can 13
- Derrick Rose to those doubting his return: “You can be a fool if you want to” 13
- LeBron says Wade is “getting that Kobe deal” in next contract. Should he? (64)
- The Extra Pass: Our awards at the quarter pole, plus Monday recaps (42)
- Michael Beasley finding a role, groove in Miami (41)
- Kobe Bryant dunks, looks good in Lakers practice; Friday return possible (38)
- Dwight Howard frustrated with Rockets’ effort in recent losses (36)