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"We are united on the NBA side in wanting a system that makes all teams competitive," Stern said. "We have some strong views on what the best way to do that is."
So do the players, who would like a system that looks much like the current soft cap structure. So even with Wednesday's progress, there are still system items to sort through. The sides have been struggling over things such as the length of the deal, players' contract lengths and the size of their raises.
"We're not going to get ahead of ourselves at this point," Fisher said. "We'll continue to remain focused on some key principal items in our system that have to remain there in order for our players to agree to what is already a reduced percentage of BRI."
The sides returned to bargaining with a small group meeting less than a week after three intense days of mediation didn't produce a new labor deal. Wednesday's negotiations marked the second-longest bargaining session since the lockout began July 1. The talks stretched into early Thursday morning, the first time bargaining has gone past 3 a.m.
And they ended with a feeling of optimism. In these negotiations, an agreement to keep talking the next day has sometimes qualified as progress. With time already lost, they can't afford another setback without the season likely starting in December at the earliest.
"It's sad that we've missed two weeks, and we're trying to apply a tourniquet and go forward," Stern said. "That's always been our goal."
Talks broke down last Thursday when players said owners insisted they agree to a 50-50 split of revenues as a condition to further discuss the salary cap system. Stern missed that meeting with the flu.
"I leave these guys alone for a little bit of time, and all hell breaks loose," he joked, motioning toward Silver.
The players have lowered their proposal to 52.5 percent of basketball-related income, leaving the sides about $100 million apart annually, based on last season's revenues. Players were guaranteed 57 percent of BRI under the previous collective bargaining agreement.
Stern rejoined the talks Wednesday after missing last Thursday's session with the flu. He was joined by Silver, owners Peter Holt of San Antonio, Glen Taylor of Minnesota and James Dolan of New York, and a pair of league office attorneys.
They will brief the owners' labor relations committee via conference call Thursday before meeting with the players.
The union was represented by Hunter, Fisher and vice president Maurice Evans of the Wizards, attorney Ron Klempner and economist Kevin Murphy, who will be unavailable Thursday because of another commitment.
[Associated Press;
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