Canceled!

Now it is official. David Stern, Commissioner of the National Basketball Association has canceled the first two weeks of the upcoming (or probably not) NBA season. This is the first work-stoppage since the 1998-1999 season. Media sources indicate that the two sides, players and owners, are still far apart in terms of signing a new labor contract.

The recent NFL lockout ended just in time to save the current season. The NBA has not been able to finalize a deal and this will result in losses for players and  owners. My bet is that the one side who will suffer the most will give in pretty soon. In the case of the NBA, I think this will be the players. Unlike in the NFL the cost of locking out players are probably lower in the NBA. We will see.