NBA Could Cancel Christmas

NEW YORK ( TheStreet) -- National Basketball Association Commissioner David Stern said games through Christmas Day would be cancelled if players and owners couldn't reach a labor agreement by Tuesday, Oct. 18.

The NBA's Christmas schedule is as old as the league's inception, and historically has featured matchups of the season's best teams.

"If we don't make it on Tuesday, my gut -- this is not in my official capacity of cancelling games -- but my gut is that we won't be playing on Christmas Day."

Tennis champion Novak Djokavic formally clinched the year-end No. 1 ranking after world No. 2 Rafael Nadal lost in the third round of the Shanghai Masters tournament Thursday, according to the Association of Tennis Professionals.

Djokavic won three of the four major championships, clinching the Australian Open, Wimbledon Championships and the U.S. Open.

Djokavic has won 10 titles in 2011 and has lost only twice the whole season -- to Roger Federer in the semifinals of the French Open and in the final of the Cincinnati Masters to Scotsman Andy Murray.

-- Written by Joe Deaux in New York.

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