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.