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Day 1 of the NBA lockout

About Last Night: Day 1 of lockout

Updated: July 1, 2011, 9:16 AM ET
By Stacy Title

NBA: The NBA locked out its players Friday when its collective bargaining agreement expired at midnight. The two sides have been drawing lines in the sand for months -- maybe even years -- and those lines are miles apart. The owners say 22 of 30 NBA teams are not profitable, (compared to the NFL, where all the teams come in above the red line). The players' association thinks that number is inflated  it says only about 10 teams are in the losers' circle. (Not much of a bargaining chip, is it?) ...

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