NBA commissioner David Stern announced on Tuesday that the league would cancel the rest of its preseason schedule effective immediately and expected to cancel the first two weeks of the 2011-2012 regular season on Monday, Oct. 10, as a result of a lack of progress in ongoing labor negotiations between the league and the National Basketball Players Association.
"Today we will be announcing the cancellation of the rest of the exhibition season and by Monday we will have no choice but to cancel the first two weeks of the season," Stern said. Back on Sept. 23, the NBA announced the cancellation of the first two weeks of the preseason.
The NBA's regular season was supposed to start on Nov. 1.
NBPA executive director Billy Hunter said that the two sides do not currently have any further negotiating meetings scheduled and that the next meetings might be "a month or two months" away.
Posted by Ben Golliver on CBSSports.com