
The proposed league players receive between 49 and 51% of basketball related income in the new contract, but the players argue that it would be almost impossible to exceed 50.2%.
Players have until Wednesday afternoon to accept the agreement. Otherwise, it is expected that the next offer will be a 53-47 split in favor of team owners and the implementation of a hard salary cap.
The union executive director Billy Hunter, said that while the players want to return to the courts, do not want to accept an unfavorable contract.
Hunter said the players want to negotiate, adding that Commissioner David Stern called to discuss the possibility of returning to the negotiating table.
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