I agree with your analysis as to what happened. The owners said you're going to take a haircut, and the players said you want too much hair. At that point the negotiations ended. Now, where do we go from here??? The owners are now saying we start over from scratch. The players say we're disbanding the union and doing this in the courts. All previous discussions are irrelevant. Now, the owners have the players over a VERY big barrel. Unless the courts do something very unexpected, and the players sure hope they do, there will be no games until the players come crawling back on whatever terms the owners decree. Much like with the NHL. And the owners will extract a pretty high price. Two-four years from now, a whole boat-load of new players will have come out of college and the league could form without ANY of the current players!! Maybe the courts can "force" some sort of settlement. IF not, the players are screwed. If you ain't got a job, you don't get paid. Most NBA players don't have a college degree, and don't qualify for much more than a burger-flippin' job. The difference in salary is noticeable.