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NBA breaks off mediation - No deal, no further meetings planned

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NBA labor talks broke down Thursday after three days of meetings failed to yield a deal to end a 112-day lockout, raising the likelihood that even more games will be canceled in an already fractured season. After 30 hours of negotiations before a federal mediator, the sides remained divided over two main issues -- the division of revenues and the structure of the salary cap system. "Ultimately, we were unable to bridge the gap that separates the two parties," NBA deputy commissioner Adam Silver said. "We understand the ramifications of where we are. We're saddened on behalf of the game." Owners and players met with federal mediator George Cohen for 16 hours Tuesday, ending around 2 a.m. Wednesday, then returned just eight hours later and spent another 8½ hours in discussions. The sides then met for about five hours Thursday, before calling it quits. Cohen said the two sides weren't able to resolve the "strongly held, competing positions that separated them on core issues." "In these circumstances, after carefully reviewing all of the events that have transpired, it is the considered judgment of myself ... that no useful purpose would be served by requesting the parties to continue the mediation process at this time," Cohen said in a statement. From ESPN Bye bye season...

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