The optimism from last week’s labor discussions can officially be put on hold, at least, for the weekend.
According to a report on ESPN.com today, labor talks between the owners and players have regressed since last week, when sources close to the situation were somewhat optimistic that the two sides were getting close to striking a deal.
This latest impasse in the discussions reportedly comes as the result of a proposal that would give players 48 percent of all league revenue--a proposal that was balked at by owners.
Since last week, owners have taken another route with respect to the revenue split, going back to their original proposal, which--according to ESPN--includes shaving $400- to $500 million dollars off the total revenue figure before splitting it with players.
The two sides met in Minneapolis, Minnesota throughout this week. They met for a few hours this morning but talks have ended. The two sides will break for the holiday weekend before commencing discussions next week.
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