NEW YORK -- Top negotiators for the NBA and its players' association are trying to arrange a last-ditch bargaining session Sunday night before a deadline hits Monday to cancel the first two weeks of the regular season, a person briefed on the developments confirmed to CBSSports.com.
The New York Times first reported efforts to hold the meeting were under way.
Update: The two sides approached the four-hour mark Sunday night on Manhattan's Upper East Side with no word of when the session might end. Representing the league were commissioner David Stern, deputy commissioner Adam Silver, Spurs owner Peter Holt, Timberwolves owner Glen Taylor and deputy general counsel Dan Rube. For the union, it was executive director Billy Hunter, president Derek Fisher, vice president Maurice Evans, general counsel Ron Klempner and outside counsel Jeffrey Kessler.
Hunter did not travel to Miami Saturday night for the All-Star exhibition at Florida International University. His plans for a regional players' meeting in Los Angeles remain in place for Monday, two people with knowledge of his plans said -- but Hunter is not scheduled to fly to L.A. until Monday morning.
On Friday, the players proposed a meeting for Monday before games were canceled. The league agreed to meet, but advised the union that it was not moving off the 50-50 split of revenues it offered in Tuesday's bargaining session. Viewing this as a precondition it could not agree to, the union declined the meeting.
UPDATE: The 50-50 prerequisite was dropped in the scheduling of the Sunday evening meeting, one of the people familiar with the discussions told CBSSports.com.
From the standpoint of negotiating leverage, psychology and feeling the need to follow through on their threats, both sides seem willing to sacrifice the first two weeks of the regular season -- possibly more -- to get a deal. But from the standpoint of math and what's at stake economically by failing to reach an agreement by Monday, it is clear that a deal would be more advantageous to both sides than digging in.
As far as bargaining rhetoric is concerned, the players are holding firm at 53 percent of basketball-related income (BRI), while the owners are holding the line at 50 percent. But in the last movement of Tuesday's negotiation, the league offered a 49-51 range for the players, who countered with a 51-53 range. Both offers occurred during informal side conferences involving Stern, Silver, Spurs owner Peter Holt, Fisher, union lawyer Jeffrey Kessler, and superstars Kobe Bryant and Kevin Garnett.
The split under the previous collective bargaining agreement that expired July 1 was 57-43 percent in favor of the players.
If you look at it from the midpoint of each side's range in their most recent offers -- 50 percent and 52 percent, respectively -- they are only $80 million apart in the first year of a new CBA. Each side would lose about $200 million by canceling the first two weeks of games.
A rational split of 51.5 percent for the players and 48.5 percent for the owners -- with most of the system issues remaining the same, as the players want -- would address most of the owners' stated annual losses of $300 million and preserve the flexibility the players wanted to maintain from the existing system. By holding out for 1.5 percent of BRI -- the owners at 50 percent and the players at 53 -- each side would be drawing a line in the sand over less than $400 million -- $393 million, to be exact -- over six years. And each side would lose half that amount by canceling the first two weeks of games.
In the simpler, shorter-term horizon of the first year of a new CBA, each side failing to move 1.5 percent to the 51.5-48.5 split would cost it $200 million compared to the $60 million that would be negotiated away by making the concession.