NBA Lockout Talks Extend Past David Stern's Deadline For 50-50 Deal

No one will complain about NBA lockout talks zipping right by David Stern's 5 p.m. ET deadline for a deal including the league's 50-50 revenue split proposal to be done. Stern had laid out that ultimatum after talks failed to produce a deal over the weekend; the players' union successfully lobbied the owners to meet one more time, on Wednesday, before Stern vows to take 50-50 back off the table in favor of a more painful proposal that would surely send this stoppage into outer space.

Small teams including the top negotiators are meeting in New York. They convened at 1 p.m. ET, and are expected to be in for the long haul. If there's no deal by the end of Wednesday, it's expected that the situation will devolve quickly, potentially landing in the courts with a disclaimer of interest filed by union leaders.

The lockout is now 132 days old. We would be in Week 2 of the season if not for the impasse.

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