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Report: NBA Talks To Resume Wednesday

Mark Cuban arrives to NBA labo negotiations in New York City Tuesday. (Photo by Patrick McDermott/Getty Images)

Mark Cuban arrives to NBA labo negotiations in New York City Tuesday. (Photo by Patrick McDermott/Getty Images)

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Lastest News Headlines:

NEW YORK (CBS) — Negotiations between the NBA and the players’ association are set to resume Wednesday, according to a published report.

Quoting “a person with knowledge of the plans,” The Associated Press reported that the two sides will meet Wednesday, six days after talks with a federal mediator broke down.

After three days of discussion on Thursday, talks broke down when players said owners were demanding a 50-50 split in revenues before further discussing salary caps.

The Wednesday meeting, first reported by the New York Daily News, will involve small groups from each side, the person told the Associated Press on condition of anonymity because details of the negotiations were to remain private. Commissioner David Stern will take part after he was forced to miss the session last Thursday because of an illness.

The Daily News reported on Monday that the NBA would have to cancel at least two more weeks of the season. The first two weeks already have been called off.

(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS Radio and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press contributed to this report.)