Lockout Looms For NBA

The owners and players have until 10:59 p.m. Thursday to finalize a new collective bargaining agreement, or a lockout will go into effect.

Thursday, June 30th 2011, 12:38 am

By: News 9

News9.com

OKLAHOMA CITY – The NFL has been in a lockout for more than three months, and the NBA now is on the verge of joining it.

The NBA's current collective bargaining agreement will run out at 10:59 p.m. Thursday. The owners and players are scheduled to meet sometime earlier in the day, but reports have said the sides are not close to a new agreement.

It is possible that commissioner David Stern could extend the deadline for an agreement to be reached, but in all likelihood that would only delay the inevitable.