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The owners and players of NBA are trying to develop a collective bargaining agreement. The talks for the same are expected to be resumed on Monday. It has been a month since the lock out stared and both owners and players want to settle the differences as early as possible. It was on June 30th the old collective bargaining agreement was expired. Since July 1 the representatives from different sides have met and had discussions for several times. It is expected that top officials like Commissioner David Stern, President of Lakers Derek Fisher, and union executive director Billy Hunter will also attend the meeting on Monday.
The lock out started in august and NBA fans fear that due to work ?stoppage, the regular season games will be affected. This is the second lockout in the history of the NBA league. Despite the lock out the NBA released the complete play schedule for 20110-12 on last Tuesday. The schedule will begin on November 1st. usually the schedule were released in late summer but this time as there were no transactions and with the league activities on hold due to lock out there was no reason for NBA to wait for announcing the schedule.
There is a possibility that the NBA will lose games this season also because the economic issues regarding the changes in the division of revenue and changes in the salary cap are to be sorted out. In 1998 summer, due to the first lockout in NBA league, the season was started only in February and the sides got only 50 games to play that season. the NBA says that it is difficult to make profit under the old collective bargaining system with 57 % of the basket ball related income went to the players. In last season NBA claims that it lost about $300 million.
Players agrees to reduce the share to 54.3 % but according the last proposal of the owner?s in the new collective bargaining agreement the share is only 40% and the players are not happy with that. If the sides cannot decide on their differences the schedule will be at risk. The deal is expected to be completed soon so that the season will be saved. In that case the NBA champion Dallas Maverick will open the season with the Chicago Bulls and will have their final rematch on Christmas day.
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