David Stern addressed the media following Tuesday's meeting and talked about coming off a hard cap, no rollbacks of existing salaries, players can opt-out after seven years.

Stern said that the owners informally asked if the players would be willing to entertain a 50-50 split of BRI on a conceptual level.

The players said that it would not be something they were comfortable considering.

"We want the dignity and luxury of being at the 47 against their 53," said Stern.