The executive committee of the players' union will talk Monday to sort out options after David Stern presented an NBA lockout ultimatum on Saturday, reports Mike Monroe of the San Antonio Express-News. Stern told players (and the world) that if the league's offer of what is effectively a 50-50 revenue split with a few specific salary cap system issues isn't accepted by the union by Wednesday, the NBA will revise its proposal to drop to a 47 percent share of revenue for players and a hard salary cap.
The union has no intention of accepting the deal, and president Derek Fisher indicated early Sunday that he has no intention of putting the deal up for a vote by union members. Instead, the players' union may pursue decertification. Union leadership has heretofore resisted that legal move, but some players and agents are pushing for it behind the scenes. A petition of 130 players is the first step.