Sports
NEW YORK (TheStreet) -- The first two weeks of the NBA season have been cancelled.
"We remain very, very far apart on virtually all issues," NBA Commissioner David Stern said. "We just have a gulf that separates us. " Games cancelled are those from Nov. 1 to Nov. 14. Negotiators for the NBA and the player's union met for more than seven hours on Monday but couldn't reach an agreement. The main sticking point appears to be revenue sharing. No further meetings have been scheduled. "With every day that goes by, I think we need to look at further reductions on what's left of the season," Stern said. "Right now the season is in jeopardy, but we can only control what we can control and right now we're talking about the first couple of weeks," said Players Association President Derek Fisher, a member of the Los Angeles Lakers. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
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1.85 |
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0.14 |
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SPDR Gold
152.68
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-0.22%
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-0.80%
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