Wednesday, October 19, 2011

NBA owners, players closer on revenue split

By Adrian Wojnarowski of Yahoo Sports:

The NBA and Players Association have made progress on the proposed revenue split between owners and players, an important element in settling a new collective bargaining agreement and ending the lockout, league sources involved in the ongoing labor negotiations told Yahoo! Sports.

As long expected, the two sides have moved closer to a “50-50 split, give or take a point with ranges based on revenue performance,” one source said.

While the league’s owners and players made progress in Wednesday’s 8½-hour mediation session, one source involved in the talks was hesitant to characterize it as a “breakthrough” moment, saying system issues could again derail talks. The two sides will resume mediation at 2 p.m. ET Thursday following the conclusion of the owners’ board of governors meetings. The owners are meeting to discuss a new revenue-sharing plan, and what type of proposal they present to the players on Thursday will determine whether the labor talks continue to gather momentum.

You can read the rest of the story here: NBA owners, players closer on revenue split

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