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Last updated on Wednesday, October 19, 2011
(NEW YORK, NY) - The NBA’s owners, players and Federal George Cohen met in a marathon negotiating session in an attempt to resolve the three and a half-month-old lockout.
The session began Tuesday morning and lasted more than 16 hours, breaking up after two o'clock eastern time this morning as the league and the Players Association try to close the gap separating the two sides from a new collective bargaining agreement.
A league spokesman says the mediator asked both sides to refrain from making public comments. The two sides will meet again this morning.
The league's owners locked out the players after the old CBA expired on July 1st.
The sticking points reportedly are the splitting of the league's revenues and the owners' desire for a hard salary cap.
The first two weeks of the regular season have already been lost and Commissioner David Stern has said that another two weeks worth of games could be lost if an agreement is not reached soon.
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