NBA to cancel games if no deal Monday

Updated: October 10, 2011, 8:30 AM ET
ESPN.com news services

NEW YORK -- 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 -- despite a 50-50 split of basketball-related income being discussed as a way to break the stalemate and save the season.

"We were not able to ...

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