NBA Cancels Preseason

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.

(Copyright 2011 by The Associated Press. All Rights Reserved.)