Stern's new offer to end the 'lock-out'

The NBA Commissioner David Stern , has made ​​an offer that "within a specified period expires," players' union is to accept 51 percent of revenues generated by league . Following the meeting early this morning, the union has described as "illusion" that employers offer to end the ' lock-out '.

Stern has said further that "if no agreement is reached before next Wednesday, the agreement could be much worse for the players." However, the Commissioner has clarified that it wants to "call this an ultimatum offer," but that does not feel comfortable with the position taken by the union.

"We hope that this period is conducive to uniting all parties, causing a change of position and get the union to reach an agreement," said David Stern. "Today is another sad day for the fans and for everyone working in the NBA. We have worked hard, but we could not reach an agreement tonight," he said.

For its part, the players' lawyer Jeffrey Kessler has said, after eight hours of negotiation, that they represent "do not feel intimidated by the demands of employers." "The players want to play and you play the season, but do not want to sacrifice the future of those who dispute the NBA in the coming years, this kind of intimidating threats," said Kessler.

The lawyer said that the true employer's proposal was of 50.2 percent for the players and has called the offer of 51 per cientro of "illusion" and "fraud."