Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam    4 Chinese nationals arrested in Makkah for promoting fake Hajj campaigns    Al-Khereiji at BRICS: Saudi Arabia a reliable and neutral partner in endeavors for de-escalating tensions    Saudi market shows resilience in Q1 2025 despite global volatility: Report    Tabuk Emir meets with CST governor    Saudi Arabia urges India and Pakistan to de-escalate tensions    Trump congratulates Canada's Carney as they agree to meet in 'near future'    Sánchez vows to uncover reasons behind massive Iberian power outage    Guterres warns two-state solution is 'near a point of no return'    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    Housing minister expects moderate real estate prices in Riyadh    Dr. Al-Rabeeah at UK House of Lords: Saudi Arabia provides $134 billion in aid to 172 countries in 30 years    Health Ministry launches World Health Survey 2025 Survey to collect accurate health status database of Saudi population    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Rock & Roll Hall of Fame picks Outkast but not Oasis    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



NBA cancels all games through Nov. 30
Published in The Saudi Gazette on 30 - 10 - 2011

NBA Commissioner David Stern canceled all NBA games through Nov. 30 Friday after NBA labor negotiations broke down for the second time in a week.
“It's not practical, possible or prudent to have a full season now,” Stern said.
After two days of making some progress on salary cap issues, the two sides brought the revenue split back into the discussion and got stuck on both.
Owners are insistent on a 50-50 split of revenues, while players last formally proposed they get 52.5 percent, leaving them about $100 million apart annually. Players were guaranteed 57 percent in the previous collective bargaining agreement.
“We made a lot of concessions, but unfortunately at this time it's not enough, and we're not prepared or unable at this time to move any further,” union executive director Billy Hunter said.
Stern said the NBA owners were “willing” to go to 50 percent. But he said Hunter was unwilling to “go a penny below 52,” that he had been getting many calls from agents and then closed up his book and walked out of the room.
Hunter said the league initially moved its target down to 47 percent during Friday's six-hour session then returned to its previous proposal of 50 percent of revenues.
“Derek (Fisher) and I made it clear that we could not take the 50-50 deal to our membership. Not with all the concessions that we granted,” Hunter said. “We said we got to have some dollars.”
But with more games canceled, the losses will begin to mount.
“We're going to have to recalculate how bad the damage is,” Stern said. “The next offer will reflect the extraordinary losses that are piling up now.”
Just a day earlier, Stern had said he would consider it a failure if the two sides didn't reach a deal in the next few days and vowed they would take “one heck of a shot” to get a deal.
No further talks have been scheduled.
Union president Fisher said it was difficult to say why talks broke down, or when they would start up again.
“We're here, we've always been here, but today just wasn't the day to try and finish this out,” he said.
Fisher said there were still too many system restrictions in the owners' proposal. Players want to keep a system similar to the old one, and fear owners' ideas would limit player movement.
And though they might be inclined to give up one if they received more concessions on the other, players make it sound as if they are the ones doing all the giving back.
The old cap system allowed teams to exceed it through the use of a number of exceptions, many of which the league wants to tweak or even eliminate. Hunter has called a hard cap a “blood issue” to players, and though the league has backed off its initial proposal calling for one, players think the changes owners want would work like one.


Clic here to read the story from its source.