Negotiations have failed and NBA owners informed their players they would be locked out beginning Thursday at midnight.
Hopefully the league and the player's union can come to some kind of an agreement over revenue sharing before the lockout eats into the next NBA season.
The last lockout in 1998 shortened the season to 50 games and caused the sport's popularity to significantly decrease!
It's a shame that an organization that has so much money to go around can't figure out what to do with it.
[Image via AP Images.]