Billy Hunter and Derek Fisher met with reporters on Wednesday about the latest proposal from the owners.

According to players, the NBA's proposal will cost them $7 billion over the life of a 10-year deal.

"Their demand is gargantuan," said Hunter.

Fisher believes the owners' are actually proposing a 'hard cap' even though it has been labeled as a 'soft cap'. Fisher also expressed the reaction from his fellow players on the offer from the owners.

"They've asked us point-blank why we are even talking," said Fisher.

Despite their displeasure with the current state of the talks, Hunter said that the sides are not at an impasse.