The NBAPA has issued an instruction book to its players to help prepare for a lockout. The motto on its cover is 'Hope for the best. Prepare for the worst.'

The 56-page handbook was distributed at team meetings between November and February, according to union spokesman Dan Wasserman.

“There’s no magic pill,” Wasserman said. “As long as they’re thinking about what they’re spending, it’s a step in the right direction.”

The players union of the NFL issued a similar handbook.

The NBAPA handbook offers tips on how to handle mortgages and rents and suggests not to purchase new cars, clothing and jewelry. It even offers advice on communicating with wives, children, agents and entourages.

Billy Hunter, the union’s executive director, warns in the handbook that “a lockout is VERY likely.”

“The revenue increases and unprecedented growth the league is experiencing has done nothing to assuage ownership’s demand that we drastically reduce player salaries and benefits,” Hunter says in the guide. “Commissioner (David) Stern and the owners have given us but one option and that is to fight for a fair deal.”

Also included is a timeline of potential key dates from July 2010 to July 2012. Under Jan. 7, 2012, it says: “Season canceled. Approximate deadline for league and owners canceling 2011-12 season. NBA becomes only second North American professional sports league to have its entire season canceled due to labor struggle.”