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Lockout talks have stopped, things looking extremely grim

David Stern, Adam Silver

NBA Commissioner David Stern, right, and Deputy Commissioner Adam Silver talk to the media after taking part in talks aimed at resolving the NBA basketball labor impasse, Wednesday, Aug. 31, 2011, in New York. (AP Photo/Henny Ray Abrams)

AP

Just when things were starting to look up -- federal mediators! Marathon bargaining sessions! Small concessions from both sides! -- it’s starting to look very, very grim for NBA fans once again. According to Yahoo! Sports’ Adrian Wojnarowski, talks between the owners and the players have stopped, and the lockout has suffered what Wojnarowski calls a “huge setback”:

Talks on a 50-50 BRI split broke down, and labor talks have ended, source tells Y! No new meetings scheduled. Huge setback in this lockout.

We’ll keep you posted on any new updates as they come in, but things are not looking good at all right now.