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NBA owners, players to meet Wednesday afternoon

NBA & NBA Players Association Announce New CBA

SAN ANTONIO - JUNE 21: (L-R) Billy Hunter, President of the NBA Players Association, looks on as NBA commissioner David Stern speaks at a press conference announcing that the NBA and the NBA Players Association have agreed in principal on a new 6-year Collective Bargining Agreement (CBA) prior to Game 6 of the NBA Finals between the Detroit Pistons and the San Antonio Spurs on June 21, 2005 at SBC Center in San Antonio, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Brian Bahr/Getty Images)

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You knew — or at least hoped — the two sides would sit down one more time and talk before David Stern’s self-imposed deadline.

We’ll see if it does any good, but the two sides will meet around 1 p.m. Eastern in New York according to multiple reports (ESPN’s Chris Broussard broke it).

The league is working on getting some owners to fly in for the meeting, according to Marc Spears at Yahoo.

Heading into the meeting the owners have put an ultimatum on the table, a take-it-or-leave-it offer that Tuesday the players said they would leave. The players want a few more tweaks to the system side and they would meet the owners at a 50/50 split of revenues (which is not really 50/50 because the owners take $600 million plus off the top, but we’ll let that go for now).

The ball is in the owners’ court. They can give a little more on system issues and allow a little more player movement and room for teams that want to spend to spend, or they can scuttle these talks and try their rollback offer that will almost certainly cost the entire season if they stick to it. It’s time to make a deal.

We’ll see if it happens, but at least they are talking.