NBA Will Cancel Games If No Deal Reached by Monday

The first two weeks of the NBA season are in jeopardy right now and commissioner David Stern has  cancelled the remaining part of the preseason.  If there is no deal reached by Monday, they will start to cancel regular season games. 

The players and owners met today and after four hours of talks, they are no closer to ending the NBA lockout.  Commissioner David Stern and deputy commissioner Adam Silver made the announcement that if there is deal met by Monday, then the first two weeks of the regular season will be cancelled.

We were not able to make the progress that we hoped we could make and we were not able to continue the negotiations.

-David Stern

Today was a day that they thought they were going to make significant progress and save the regular season, but things are still far from solved.  The lockout began on July 1, and after today's meetings the rest of the preseason has been cancelled and no new meetings have been scheduled.

For more on this story and everything on the NBA lockout, head over to ESPN.