Wednesday, October 19, 2011

NBA mediation talks end for the day, are set to resume Thursday

Derek3
Another day, another grueling negotiating session.

Wednesday's mediation session between NBA owners and locked-out players was halted before 4 p.m. PDT, and talks are to resume Thursday.

Federal mediator George Cohen told reporters in New York that Wednesday's session was stopped after nearly nine hours of talks to allow NBA owners and Commissioner David Stern to attend a previously scheduled NBA Board of Governors meeting, also in New York.

Cohen has instituted a gag order on the labor meetings as both sides work to bridge gaps over how to split basketball-related income (BRI). Last season, players received 57% of BRI, or about $2.17 billion in total salaries.

The sides had a 16-hour marathon session with Cohen that started Tuesday and ended early Wednesday morning EDT.

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