The NBA and NBPA met for over 24 hours on Tuesday and Wednesday.

While no major breakthrough was made, two sources say progress was made in terms of the split of basketball-related income.

The two sides have moved closer to a “50-50 split, give or take a point with ranges based on revenue performance,” one source said.

'System issues' have been at the forefront of the talks and have been cited as a bigger issue in getting a deal done. Included in this area of talks are the luxury tax and the limitation of Bird Rights. The players believe a strict luxury tax will create a de facto hard salary cap.

George Cohen said that the 24 hours of talks over the past two days have been "direct and constructive."

“I think everyone is expecting miracles. It is still going to take some time even with a mediator,” one league executive said. “I don’t think Cohen has solved disputes in two days.”

The two sides will reconvene on Thursday at 2:00 PM EST.