NBA talks break down

After three long days of negotiations under the auspices of a federal mediator, the players and owners remain far apart on an agreement, according to NBA Deputy Commissioner Adam Silver. No further meetings are scheduled, which means it's likely more games will be canceled. "We are saddened on behalf of the game," Silver said. "We understand we're disappointing millions of fans." From the WSJ:

San Antonio Spurs owner Peter Holt said that scheduling more meetings could be tougher than earlier in the negotiations. "We are getting in a situation where games are being canceled, the costs are getting more and more for all sides, which makes it tougher to make a deal. Both sides hopefully won't harden," he said.

The two sides apparently couldn't get close on how to split the league's $4 billion in revenue. The owners had proposed a 50-50 split, the NYT is reporting, but the players want 52.5 percent.