The NBA will play a shortened season—if it plays at all—after negotiations to end the lockout again stalled over how to divide the league's revenue. Commissioner David Stern canceled all November games today, the 120th day of the lockout. "It's not practical, possible, or prudent to have a full season now," said Stern. Owners are insistent on a 50-50 split, while players last formally proposed they get 52.5%, leaving them about $100 million apart annually. Players were guaranteed 57% in the previous collective bargaining agreement.
Stern repeated his warnings that the offers players have rejected might now get even harsher as the league tries to make up the millions of dollars that will be lost. "We're going to have to recalculate how bad the damage is," Stern said. "The next offer will reflect the extraordinary losses that are piling up now." Just a day earlier, Stern had said he would consider it a failure if the two sides didn't reach a deal in the next few days and vowed they would take "one heck of a shot" to get it done. No further talks have been scheduled. (Read more basketball stories.)