Sept. 28 (Bloomberg) -- The National Basketball Association and its players’ union will resume talks today after two hours of meetings yesterday aimed at ending a three-month lockout.
“We spent some quality time discussing concepts,” NBA Commissioner David Stern told reporters outside the hotel in Manhattan where the sides met. “Sometimes when you discuss concepts you want to go back and think about it.”
Owners of the league’s 30 teams and the union are negotiating how to split money from a league that had $4.3 billion in revenue last season. Stern says the teams collectively lost about $300 million. The NBA locked out its players when their labor contract expired July 1.
National Basketball Players Association President Derek Fisher refused to say whether any progress was made.
“We talked extensively in ideas and concepts,” Fisher said outside the hotel. “These are things that, if we can get into the range of, get into the zone of, then we can maybe put a deal together.”
The NBA on Sept. 23 postponed the start of training camps indefinitely and 43 preseason games through Oct. 15, increasing the likelihood that the regular season won’t start as scheduled on Nov. 1.
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