NBA Commissioner David Stern, Players Union President Derek Fisher to Meet

The Associated Press is reporting that two inside sources have revealed that NBA owners and players will meet on Wednesday, only the second time the two sides have sidled up since the lockout began.

Commissioner David Stern will be there, as will other principals such as players association executive director Billy Hunter, union president Derek Fisher, San Antonio Spurs owner Peter Holt, the head of the labor relations committee, and deputy commissioner Adam Silver.

The story was leaked to the Associated Press anonymously, as the talks are supposed to be confidential. The last and only time the two sides met was August 1, a month after the lockout began.

The NBA has stressed that substantial cuts in player salaries are necessary, and Stern was dismayed by the players union's position following their initial meeting. Training camps are set to open in October, though it seems highly unlikely, considering how far apart both sides currently stand.

Most recently, players offered to accept a cut of $500 million in salaries, a figure immediately rejected by the owners. As it stands, a glut of players are currently seeking options to play elsewhere, including overseas and the playgrounds of New York City.