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Stern has estimated the league will lose about $370 million this season, which the union disputes. The sides began discussions last year but remained far apart, creating fears of a lockout next summer.
But they were striking a cooperative tone after Thursday's meeting, issuing a joint statement praising "constructive dialogue and a productive exchange of information."
"While we still have much work to do," the statement said, "it was encouraging how many players and owners participated in the process and all pledged to continue to work together."
[Associated Press;
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