NBA Lockout: NBA Season Hangs in the Balance with David Stern's Cancellation

Erick FernandezCorrespondent IIOctober 11, 2011

NEW YORK, NY - OCTOBER 04:  NBA Commissioner David Stern speaks at a press conference after NBA labor negotiations at The Westin Times Square on October 4, 2011 in New York City. Stern announced the NBA has canceled the remainder of the preseason and will cancel the first two weeks of the regular season if there is no labor agreement by Monday.  (Photo by Patrick McDermott/Getty Images)
Patrick McDermott/Getty Images

The NBA was unable to do what the NFL did during their lockout, which was to stop the bleeding before any regular season games were missed. reports that on October 10, day 102 of the NBA lockout, commissioner David Stern addressed the media and said that the first two weeks of the season will be canceled. This means that 100 total regular season games that were supposed to start on November 1st, including some particularly intriguing matchups, will not be happening. 

Although the owners and the players' union met the past two days for a total of 13 hours, it is obvious that there is still a lot to be settled between the two sides. There are major disagreements on all the major issues between both parties.

The most important issue that the owners were emphasizing at the beginning of the lockout has all of a sudden taken a back seat. Instead, the owners want to impose a luxury tax that is four times that of the 2010 season. That means if a team wanted to re-sign some of their star players and go above the soft salary cap five years straight, they would have to pay $4 for every dollar they go over. This is essentially the same as the hard salary cap. If the team wants to avoid the luxury tax then they will do whatever to avoid big, costly contracts.

There is also a major disagreement regarding the revenue split. Last year the players received 57 percent of revenue, but the owners are seeking a 50-50 split. The players' union has decided that it will not go lower than 53 percent.

Although many players have been going on Twitter with their own "Let Us Play" social media movement, they are still standing strong with the union. Some players such as Kevin Durant have even tried to keep fans informed on the lockout via Twitter:

It's not a players strike, they locked us out from playing the game we love!! Get your facts right @KDTrey5

With two weeks now gone from the season and still a lot of disagreements between both sides,  the NBA season is looking real grim. This is a huge shame after such an incredible NBA playoffs last season that increased viewership throughout the United States

Although there is still a possibility for a shortened season to occur as the NBA did in the 1998-1999 season, things have to change if players' union and the owners want to make that happen. If not, we might all have to get satellite TV and watch our favorite players play in Europe or Asia.