Posted Jun 22 2011 8:25PM
NEW YORK (AP) -- Union officials say NBA players and owners are about $7 billion apart over a 10-year span in their most recent proposals, a significant gap to close to avoid a work stoppage.
Players' association executive director Billy Hunter also says under the league's proposal for a new 10-year collective bargaining agreement, it would take the players until the final year to get back to where they are now financially.
The current CBA expires June 30, and the sides remain far apart as they head into another meeting Friday.
The league proposed what it called a "flex" salary cap, but union president Derek Fisher of the Lakers says that's a "total distortion of reality," saying "it's not a flexible cap, it's a hard cap."
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