National Basketball Association (NBA) owners and players will resume labor dispute talks Thursday after 12 hours of discussions in New York ended late in the night with the sides no closer to a resolution.
«We’ve agreed to stop the clock while we continue to negotiate. We have agreed to convene here tomorrow at noon time,» NBA Commissioner David Stern told reporters.
«I would not read into this optimism or pessimism we are just continuing to negotiate. Nothing was worked out today.»
The talks at a Manhattan hotel on Wednesday had gone past Stern’s 17:00 ET deadline for players to accept his latest offer or get a worse deal on the table.
Stern had said the offer would switch to 53-47 in favor of the owners unless an agreement was reached Wednesday. However, with talks still ongoing, Stern said they would revert to that offer when this latest round of discussions ended.
«We are trying to demonstrate our good faith and the union is trying to demonstrate its good faith,» Stern said.
After the marathon meeting, NBA Players Association President Derek Fisher said they had failed to move any closer to a deal.
«We can’t say there was significant progress today,» Fisher told reporters. «We’ll be back tomorrow … and we’ll see if we can continue to make the efforts at least to finish this out.»
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