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Previously each side had proposed receiving 53 percent of basketball-related income after players were guaranteed 57 percent under the previous collective bargaining agreement.
Silver said the league formally proposed a 50-50 revenue split Wednesday. The union said its proposal would have been a band that would have allowed it to collect as much as 53 percent but no less than 50, based on the league's revenues.
"Hopefully, we can get back to the table, but certainly a tough day, a very tough day," said Holt, the labor relations committee chair.
Asked whether the players would drop to 50 percent, Holt said he didn't think it was that big of a jump but that the union did.
He said the league would not go above 50 percent "as of today. But never say never on anything."
Hunter said Cleveland owner Dan Gilbert told players to trust that if they took the 50-50 split, the salary cap issues could be worked out.
Hunter's response?
"I can't trust your gut. I got to trust my own gut," he said. "There's no way in the world I'm going to trust your gut on whether or not you're going to be open and amenable to making the changes in the system that we think are necessary and appropriate."
Owners and players met with Cohen for 16 hours Tuesday, ending around 2 a.m. Wednesday, then returned just eight hours later and spent another 8 1/2 hours in discussions. The sides then met for about five hours Thursday, before calling it quits.
"Am I worried about the season, per se? Yeah. But I'm more so worried about us standing up for what we believe in," New Orleans Hornets guard Jarrett Jack said. "I think that's the bigger issue at hand."
Cohen didn't recommend that the two sides continue the mediation process as they weren't able to resolve the "strongly held, competing positions that separated them on core issues."
Though the sides have said they believe bargaining is the only route to a deal, the process could end up in the courts. Each brought an unfair labor practice charge against the other with the National Labor Relations Board, and the league also filed a federal lawsuit against the union attempting to block it from decertifying.
Union officials, so far, have been opposed to decertification, a route the NFL players initially chose during their lockout.
However, Hunter said Thursday that "all of our options are on the table. Everything."
[Associated Press;
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