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Lockout Land For The NBA06:13
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Union chief Billy Hunter speaks to reporters after a meeting with the NBA, Thursday. (AP)
Union chief Billy Hunter speaks to reporters after a meeting with the NBA, Thursday. (AP)

The Dallas Mavericks' championship may be the last good news in the NBA for some time, as the NBA has entered its first lockout in 13 years.  After the players and owners were unable to agree on terms for a new Collective Bargaining Agreement on Thursday, the NBA announced that players will not receive their salaries and will be denied access to team facilities. In addition, teams will not negotiate, sign or trade player contracts and will not conduct or facilitate any summer camps, exhibitions, practices, workouts, coaching sessions, or team meetings.

Mike Monroe of the San Antonio Express News is pessimistic about the future of the 2011-2012 season because "the differences between the two sides are so gargantuan." Monroe explains that "the owners have been complaining about a system they say is broken," and expects that no progress will be made when the players and owners meet in two to three weeks.

Negotiators have failed to agree on the players' share of all revenue as well as what type of salary cap should be in place.  In addition, the league has said that 22 of its 30 teams are losing money and that the league lost 300 million dollars last season.  So, lockout land looks as though it's here to stay.

This segment aired on July 2, 2011.

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