NBA Lockout: Owners Abandon Hard Salary Cap, According To Reports

The NBA lockout talks held Tuesday in New York City may have lasted only a couple hours, but they were fruitful nonetheless, as Yahoo!'s Adrian Wojnarowski reports that in the high-level, the league showed a willingness to abandon its push for a hard team salary cap. ESPN's Ric Bucher and CBS Sports' Ken Berger later reported similar news.

The pullback on the hard cap isn't without conditions, of course. In place of the hard cap, the owners reportedly want to make the luxury tax much more punitive to prevent teams from massively outspending their rivals. The owners also want to restrict use of the Bird salary cap exception to once annually, and shrink the size and length of the mid-level exception. They also want the union to concede on the revenue split players are due.

The two sides went back to their corners after exchanging the ideas on Tuesday, as the players' union representatives felt they needed to discuss the concepts internally. The two sides are scheduled to meet again Wednesday morning.

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