Current offer is on the table until Wednesday
http://espn.go.com/nba/story/_/id/71...able-wednesday
David Stern press conference here:
http://www.nba.com/video/channels/nb...ting_stern.nba
Derek Fisher press conference here:
http://www.nba.com/video/channels/nb...ting_stern.nba
NEW YORK -- Commissioner David Stern gave NBA players an offer and a deadline: Accept a chance to earn up to 51 percent of basketball-related income by Wednesday or get ready for a deal that's a whole lot worse.
Kessler said the proposal was really 50.2 percent for the players and called the chance of them ever reaching 51 percent a "fraud" and an "illusion."
If players don't agree to it by Wednesday, Stern said they would get a deal that would guarantee them just 47 percent of BRI and call for a flex salary cap.
Players and owners met with federal mediator George Cohen for more than eight hours, and Stern said Cohen offered six "what if?" recommendations relating to the BRI split and the salary cap system.
Stern said owners accepted the first five and would put them in writing in a formal proposal to the players, hopefully Sunday. But it wasn't acceptable Saturday, with Stern saying Kessler rejected it.
"I think it's fair to say that speaking on behalf of the union, Mr. Kessler rejected the mediators' recommendations and our proposal," Stern said. "But hope springs eternal, and we would love to see the union accept the proposal that is now on the table."
Stern said owners accepted the first five and would put them in writing in a formal proposal to the players, hopefully Sunday. But it wasn't acceptable Saturday, with Stern saying Kessler rejected it.
"I think it's fair to say that speaking on behalf of the union, Mr. Kessler rejected the mediators' recommendations and our proposal," Stern said. "But hope springs eternal, and we would love to see the union accept the proposal that is now on the table."
David Stern press conference here:
http://www.nba.com/video/channels/nb...ting_stern.nba
Derek Fisher press conference here:
http://www.nba.com/video/channels/nb...ting_stern.nba
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