NEW YORK (AP) - The NBA has canceled the remainder of the
preseason and will wipe out the first two weeks of the regular
season if there is no labor agreement by Monday.
Commissioner David Stern and Deputy Commissioner Adam Silver
made the announcement after owners and players met for about four
hours Tuesday but came no closer to an agreement.
Stern says: "We were not able to make the progress that we
hoped we could make and we were not able to continue the
No further meetings are scheduled.