Thursday was the third straight day of mediation between the owners and players in an attempt to put an end to the lockout that has already taken two weeks of NBA games. Heading into today, talks were centered around a 49-51 range of the basketball-related income to the players, and possibly near a resolution.
Whelp, whatever progress was made during the first two and half days ended with what is being said as a huge setback, according to Yahoo!'s Adrian Wojnarowski:
What ensued after news started to surface that the meetings tailspinned was an onslaught of tweets and comments from NBA players and owners talking about how disappointing today has been, and that they're still dedicated to reaching a compromise and not missing anymore games. Easier said than done. Rumors are swirling that the owners, spearheaded by Spurs' owner Peter Holt, made a "take it or leave it" offer of 50-50 and the players wouldn't budge past 52-percent.
The sides are so dedicated, though, that there are no plans to reassemble at this time. The next news we hear could very well be the clipping of more games.