New offer made, but no NBA agreement yet

NEW YORK, Nov. 11 (UPI) -- NBA owners made a revised offer Thursday in a bid to end the league's labor stalemate and union President Derek Fisher said the players would think it over.

Commissioner David Stern had threatened last weekend to take the owners' offer off the table by the middle of this week and replace it with one the players would find far less appealing.

After a second straight long day of negotiating Thursday, Fisher said the owners did come up with a new proposal. The would-be deal, however, is reported to contain slight concessions on the part of the owners.

"We have a revised proposal from the NBA," Fisher said at the end of the negotiating session. "It does not meet us entirely on the system issues that we felt were extremely important to close this deal out."

Fisher said he would discuss the proposal with player representatives.

"We'll go back with our player reps and additional players over the next few days and then we'll make decisions about what our next steps will be.

"On a couple of the issues there was some revision since the last proposal we saw. But at this time it's not enough to entice us to try to finish this out tonight."

Billy Hunter, executive director of the union, said he had an obligation "to at least present it to the membership."

Stern confirmed a new proposal was made and said if an agreement could be reached soon the NBA could salvage a 72-game season that could start Dec. 15.

The 2011-12 82-game NBA season had been scheduled to open Nov. 1.