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Video: Stern and Silver address reporters

Posted on: June 21, 2011 4:47 pm
Edited on: June 21, 2011 5:29 pm
 
Posted by Royce Young

The owners and players association had a pretty substantial meeting in New York earlier today in which the owners submitted a new proposal that will be reviewed by the players with word on that coming Friday.

The tone out of the meetings is encouraging, with Ken Berger reporting that there has been movement from the league from a de facto $45 million hard cap to a "flex cap," as David Stern called it, of around $62 million.

Stern and deputy commissioner Adam Silver addressed reporters after the meeting to answer questions and talk about the newest negotiations and any progress made.



I'm sure there's still a lot of ground to be covered before June 30 and a lot will hinge on how the players respond to this proposal, but considering the mood and tone from last week, it feels like there's been movement. Both sides seem to be edging toward the middle a bit.

But there will need to be a few big steps before a deal is actually done. I'm sure the path to an agreement is still bumpy and long. However, I think there's a little cause for optimism.

Via Salt Lake Tribune

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