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It doesn’t look like we’ll be seeing any NBA action any time soon. NBA Commissioner David Stern announced Monday night that the first two weeks of the NBA season is canceled. After two days of meetings between the players and the owners, the two sides still can not come to an agreement about how basketball related income (BRI) will be disbursed between the two sides.

BRI includes just about every revenue stream, from tickets to parking to broadcast rights to concessions. Initially, BRI was split between the two sides with the players receiving 57% and the owners getting 43%. The owners wanted to change the split to an even 50/50, but the players weren’t feeling this new arrangement. They in return told the owners that they are willing to have their percentage decreased to 53% and nothing more. The owners must have felt disrespected because after this proposal they decided that they want 53% of BRI and the players should receive 47%, according to ESPN. This of course angered the players even more leading to the Commissioner’s decision to cancel the first two weeks.

“We certainly hoped it would never come to this,” Stern told reporters after last night’s meeting. “I think that both sides worked hard to get to a better solution. We think that we made very fair proposals. I’m sure the players think the same thing. But the gap is so significant that we just can’t bridge it at this time.”

Some of our favorite NBA stars took to their twitter accounts to express their frustrations and apologies to the fans.

Lebron James tweeted, “”I wanna sincerely say sorry to all the fans. It’s a sad day for all of us, especially u guys! There’s no US w/o You. #loveuguys.”

Dwyane Wade lashed out at David Stern by tweeting, “STERN’s ‘WORDS’ 2dayhurt the ppl who work at the AAA [American Airlines Arena],other arena’s,as well as local businesses &our fans,” he said. “Those are the one’s who are affected by STERN’s ‘WORDS’2day..its a Lockout-NOT a Strike.”

Carmelo Anthony offered his apologies to the fans, but also checked the ones who are blaming the players for the lockout. “I just wanna apologize to all the fans for this lockout,” he tweeted. “Trust me, I feel y’all pain. This shit sucks.” He later said, “Last thing.It bothers me to hear people talk about things they know nothing about!!!”

Well there you have it. Who do you think is to blame for the NBA lockout?

 

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