Thursday will be the third consecutive day of mediation in the NBA Lockout, and while there are no concrete details, there is at least hope that a deal may be coming. since meeting with a mediator starting on Tuesday, both sides have been involved in serious negotiations for 24 hours of a 32 hour period. Both sides met for 16 hours on Tuesday, then resumed Wednesday morning for another eight hours.
It appears that the issue of a salary cap may be hanging up a potential deal. The owners are seeking a 49-51 split in terms of revenue favoring the players, but the players do not want anything resembling a hard salary cap:
Sources told ESPN The Magazine's Chris Broussard that the owners are once again offering a 49-51 range of the basketball-related income to the players. That is essentially where the players would get a minimum of 49 percent of BRI or a max of 51 percent depending on how much revenue the league takes in that year.
This mediation session appears to be the only thing standing between the cancellation of games through Christmas.