Source: Marc Stein / ESPN
After roughly 13 hours of negotiations over two days failed to close what he termed a significant gulf “on virtually all issues,” NBA commissioner David Stern cancelled the first two weeks of the 2011-12 regular season Monday night.
Stern also suggested that the cancellations imposed on the 102nd day of the NBA lockout — just the second work stoppage in league history to bleed into the regular season — essentially guarantee that a full 82-game season has also been lost after fruitless talks found NBA owners and players unable to agree on key items such as luxury-tax specifics, contract lengths and annual raises.
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