NEW YORK, May 18 -- NBA Deputy Commissioner Russ Granik announced today that, due to the Players Association’s recent reversal of position on several key issues, there are no further negotiations scheduled at this time and issued the following statement:

NBA Deputy Commissioner
Russ Granik on collective bargaining negotiations:
“Since the All-Star break the NBA and the Players Association have been in arduous negotiations to reach a new collective bargaining agreement. For its part, the League has offered in any new agreement to raise the salary cap from 48% to 51% of BRI, to lessen the impact of the luxury tax by distributing escrow funds to all teams equally, and to guarantee the players as a group the same 57% they have received in each of the last two seasons. At the conclusion of a bargaining session on Sunday, April 17 we thought we were very close to a deal, with only a few items remaining to be compromised.

“On April 19, a day after the Players Association met with a group of player agents, we were informed that the Players Association could no longer agree to a previously-committed five-year rule on length of contracts. Then, last week, after promising a written proposal to form the basis of a new agreement, the union instead advised us orally that it needed to backtrack on several other essential terms that had already been resolved.

“Since we are at a loss as to how we can possibly reach a new deal that is in any way consistent with the principal terms that we have been discussing for many months, there are no further meetings scheduled at this time.”