The NBA lockout on Friday had failed again to generate an agreement, the league will cancel the rest of November's regular season games, basketball officials said.
"We made a lot of concessions, but this time, unfortunately, it's not enough," said by Executive Director Billy Hunter. He told reporters after a five-hour-plus meeting with NBA officials in New York.
Hunter said he felt "snookered," by Stern, who had promised Thursday to make a financial move Friday.
Hunter said the NBA wanted the players to move to 50% while accepting concessions on the salary cap/luxury tax arrangement that the union deemed prohibitive.
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