Commissioner David Stern floated it as an idea more than a firm proposal: a 50-50 revenue split.
Even so, the union's reply was unequivocal.
"They said, 'We can't do it."' according to Stern.
And with that, the remainder of the preseason was lost and the first two weeks of the regular season moved to the brink of cancellation.
The NBA shelved the rest of its exhibition schedule Tuesday and will wipe out the first two weeks of the regular season if there is no labor agreement by Monday.
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