David Stern met with the media following Tuesday's meeting with the players, which resulted in a breakdown of the current talks.

"We did not have a great day," said Stern.

"We reiterated to the players that we needa system that is economically feasible," said Stern. 

Stern said it is inaccurate that the owners are still presenting their same proposal from June.

Stern says players' stance against hard cap is "an emotional attachment."