Another meeting set for Tuesday
NEW YORK -- In a somewhat conciliatory gesture, NBA owners relaxed their stance on guaranteed contracts Friday during the latest round of collective bargaining negotiations to replace the labor agreement that expires at the end of this month.
The players welcomed the move but cautioned there was still a wide gulf to be bridged. The sides are still hundreds of millions of dollars apart on how to split revenues, and the owners are still asking for a hard salary cap system.
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