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.
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