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2011 NBA Lockout Update: Friday's Talks Break Down

The NBA's owners and players met for the third consecutive day on Friday, and they had hoped that the day might bring a resolution to the conflict over finances:

Both sides pointed toward Friday as the day they hoped to close the gap on the finances. Owners are insistent on a 50-50 split of revenues, while players last formally proposed they get 52.5 percent, leaving them about $100 million apart annually. Players were guaranteed 57 percent in the previous collective bargaining agreement.

However, multiple sources, including Yahoo!'s Adrian Wojnarowski, that talks between the league and the Players Association have "broken off" once more. Disagreement over the revenue split remains one of the major issues preventing the sides from coming to terms.

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