(NEW YORK) -- The NBA Players' Association announced Monday it has rejected the owners' latest offer to end the NBA lockout, and will disband as a union.
NBPA executive director Billy Hunter says the players will file a disclaimer of interest and begin the process of anti-trust litigation against the league after receiving a so-called "ultimatum" from Commissioner David Stern and the owners in their proposal last week. In an open-forum interview on Twitter Sunday night, Stern said a decertification of the union would result in voided contracts.
At issue between the two sides is a gap on several "system" items, including restrictions on taxpaying teams that Stern says will create a more competitive league. The players contend they have made more than enough concessions, such as a proposed seven-point drop from their 57 percent share of basketball-related income under the previous collective bargaining agreement.
The league's latest offer included a scheduled start date for Dec. 15 under the format of a 72-game season.
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