According to Billy Hunter, the director of the National Basketball Players Association, the final offer that owners presented at Tuesday's NBA lockout talks essentially called for the league to net 53 percent of total revenue, with players dropping from 57 percent under the last collective bargaining agreement to 47 percent in the new one. The union rejected this offer, talks broke and no further sessions are scheduled.
Hunter and players' union president Derek Fisher said that their side was willing to go down to 53 percent of revenue. How the NBA framed its own offer will be debated going forward, as Hunter revealed that the league's proposal would have removed $350 million currently counted as "basketball-related income" from the equation, and splitting the remainder 50-50 with players. But that effectively gives the players just 47 percent of what has been defined as "basketball-related income" for some 13 years.
David Stern is scheduled to address the media Tuesday evening.