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But in the Monday meeting of the league's Board of Governors, no formal complaints were levied, Stern said.
"Our players, having negotiated for the right to be free agents at some point in their career, are totally within their rights to seek employment with any other team," Stern said. "That's something we agreed to. That's something we embrace. That's our system."
Further, Stern said James was "entitled" to make his move to South Florida. He also congratulated Miami for its free-agent approach.
"Miami did a pretty good job of clearing out cap space and putting together a plan," Stern said.
One representative from each team met with Stern and NBA officials on Monday, where other conversations besides free agency included an update on the league's labor deal, negotiations with the players' association, and revenue sharing. Owners want a "much revised" system, Stern reiterated, while saying the union would like the present system to remain largely intact.
"Our finances are what they are," said Stern, who added that the league lost about $370 million this past season.
The league will contact the union later this summer, "to continue our dialogue," Stern said. The current collective bargaining agreement is set to expire at the end of the 2010-11 season, and a lockout is possible on July 1.
"We are very anxious to make an agreement," Stern said.
[Associated Press;
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