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NBA lockout talks to resume next week

NBA lockout talks to resume next week
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Players and officials will meet in New York next week to try and resolve the current National Basketball Association (NBA) player lockout.

Talks to resolve the National Basketball Association (NBA) player lockout will continue in New York next week.

The league opted to lock out the players when previous talks over a labour dispute broke down on June 30.

There is renewed hope that a resolution can be found when players and officials meet this time. The main issue appears to be NBA owners claiming the league lost $300m (£183m) last season.

22 teams were left in debt and the owners want the league to increase their share of basketball-related income to 57%, while the players have offered to reduce their own share to 53.4%.

Players earn an average of $5m (£3m) per year under the owners' plan, while the players' plan would yield an average earning of $7m (£4m).

The last lockout to affect the NBA occurred in 1998, causing the season to be shortened to 50 games.

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