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Vikings fullback Felton charged with DWI
NEW YORK, Nov. 6 (UPI) -- NBA Commissioner David Stern laid down an ultimatum Sunday giving locked-out players three days to accept the league's current revenue-sharing offer.
Stern, emerging early Sunday morning after an all-day meeting with representatives of the NBA Players Association in New York, told reporters negotiations took a big step backwards after the union rejected a proposal crafted by a federal mediator.
He said mediator George Cohen had recommended that players be awarded a percentage of league revenues in a "band" between 49 and 51 percent as well as more stringent restrictions on wealthier teams paying "luxury taxes."
"We would be amenable to making a deal on that basis until Wednesday at the close of business," Stern said.
After that, he said, the offer will be pulled off the table and the league will fall back on an earlier rejected offer of only 47 percent of revenue for the players and a "hard" salary cap.
"Today is another sad day for our fans," union President Derek Fisher said in a statement. "We've been given an ultimatum and our answer is that's not acceptable to us."
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