(Wall Street Journal) — The National Basketball Association and its players union left a crucial day of negotiation with no new labor deal and no meetings scheduled, putting regular season games in jeopardy. NBA Commissioner David Stern said Tuesday the league will have no choice but to cancel the first two weeks of the season if a deal isn’t struck by Monday. ”We were not able to make the progress that we hoped we could make and we were not able to continue the negotiations,” Mr. Stern said, emerging from a four-hour meeting with players’ representatives at a Manhattan hotel. If the first two weeks of the regular season—which is supposed to start Nov. 1—are canceled, the league stands to lose “hundreds of millions of dollars,” said NBA Deputy Commissioner Adam Silver. Mr. Stern said the rest of the preseason will be canceled. Last week, the NBA canceled the first wave of preseason games.
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