…here is an overview of just how far apart the two sides are:

Among the economic issues that caused the lockout to go into place were the owners seeking a larger share of the basketball-related income (BRI). Player salaries took up 57 percent of the BRI in the last CBA. Owners wanted to lower that number to approximately 55-45 in their favor, while players offered to lower their take to 54.3 percent — giving up $500 million in total player salaries over five years, a concession that NBA commissioner David Stern characterized at the time as “modest.”

There were also disagreements over how long the next CBA should last — owners proposed a 10-year deal while the union started with a five-year proposal, later stretching it to six. There was also a fundamental disagreement between the union and owners over the $340 million the league claims to have lost during the 2009-10 season and whether revenue-sharing amongst owners would be a more appropriate means to recoup those losses in the future rather than slicing player salaries.

Read more about the NBA lockout.