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Owners’ CBA proposal makes it 90 minutes

Update 9:25 pm NBA Deputy Commissioner Adam Silver -- that’s Mr. Second Round, to you -- released a statement. Not a great one, but here it is:

“While we do not agree with the Players Association’s characterization of today’s meeting or the status of the NBA’s bargaining proposal, David (Stern) will address the subject of collective bargaining during his media availability prior to All-Star Saturday night.”

6:36 pm According to Marc Spears’ twitter account, the union has dropped the owners’ latest CBA proposal after a 90-minute meeting. It was extremely unlikely that both sides were going to agree on the first proposal on the table, so this shouldn’t come as a huge surprise to NBA fans. The owners were making some fairly bold proposals, and it was unlikely the union was going to go for them so quickly. According to Spears, union president Billy Hunter says the owners’ proposal was “out of left field,” and caused “shock and awe,” which does not suggest the negotiations are off to a smashing start.

The union is reportedly preparing a counterproposal, which will be presented to the owners at a time to be determined.