Both sides will meet in New York City on August 1st, and will try to work towards a new Collective Bargaining Agreement. Although they are far apart on the major issues, an in-person meeting does show some sign of hope for NBA followers.
In their previous labor meeting, the Union proposed a six-year agreement in which they would cut their take of basketball-related income (BRI) from 57 percent to 54.6 percent; however, the owners want a 10 year agreement which consists of a hard salary cap.
Negotiations are still young, but hopefully both sides will continue to work together to sign a new deal before training camps are set to open.
[phpbay]Stoudemire Knicks, 3, “”[/phpbay]