Staffers from the NBA and its players' union will meet Friday to discuss issues related to the league's two-week-old lockout and schedule the next official bargaining session between the sides, reports Zach Lowe of SI.com. The union and league have not met in any capacity since June 30; after an official bargaining session in New York City on that day, the NBA announced it would lock out the players effective July 1. At a press conference on June 30, NBA deputy commissioner Adam Silver said that he anticipated staff from each side would meet the following week. That did not happen.
Lowe reports that among the issues to be discussed Friday include an announcement on final revenue numbers for the 2010-11 NBA season. That number is expected to come in quite high after the NBA announced this week that player salaries totaled less than 57 percent of basketball-related income last season, triggering a return of $160 million in escrowed salary to the players.
Despite the booming revenue, the NBA claims it will lose roughly $300 million on the 2010-11 season.