NBA Players Reject Owners' Offer; Season In Jeopardy

National Basketball Association players have rejected the latest contract offer from the league's owners, The Associated Press and SI.com are reporting.

And as the AP adds, "the decision likely jeopardizes the season," which has already been delayed.

According to the AP, players are now in the process of disbanding their union. That's a step that, as Korva wrote on Friday, is not unexpected. Many players are reportedly upset with their union reps, saying they gave away too much to the owners.

And as Korva said:

The key sticking point, as usual, is how to share money. In this case, it's basketball related income, or BRI. That's the revenue teams earn from ticket sales, TV contracts, and more.

NPR's Mike Pesca explained on Morning Edition what players face.

"If players don't accept a 50/50 split of revenue - remember, they were getting 57 percent of all basketball-related income last year - they've agreed to go down to as low as 52 percent," Mike said. "But the owners want a 50/50 split. And [league Commissioner] David Stern has said, if you don't take that 50/50 split, our next offer is going to be a 47 percent split."

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