Staffers from the NBA and its players’ union will meet Friday to discuss issues related to the league’s two-week-old lockout and schedule the next official bargaining session between the sides, reports Zach Lowe of SI.com. The union and league have not met in any capacity since June 30; after an official bargaining session in New York City on that day, the NBA announced it would lock out the players effective July 1. At a press conference on June 30, NBA deputy commissioner Adam Silver said that he anticipated staff from each side would meet the following week. That did not happen.
NBA Lockout: Staff From League, Union Will Meet Friday, Says Report; Next Bargaining Session To Be Scheduled
Lowe reports that among the issues to be discussed Friday include an announcement on final revenue numbers for the 2010-11 NBA season. That number is expected to come in quite high after the NBA announced this week that player salaries totaled less than 57 percent of basketball-related income last season, triggering a return of $160 million in escrowed salary to the players.
Despite the booming revenue, the NBA claims it will lose roughly $300 million on the 2010-11 season.
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