Following a call with the owner's labor relations committee, David Stern will deliver a revised offer to the players on Thursday evening, according to sources.

The offer will be based off the progress of current negotiations and not the threatened 'reset' offer.

The new offer is presumably addressing issues the union has in regards to the system elements.

An ownership source tells ESPN's Chris Broussard that the revised offer will give players "meaningful stuff", but will remain at a bRI split of 50/50. The source also described talks as complicated.

Wojnarowski asked an ownership source if this would be the NBA's best offer before the promised "reset" offer is delivered.

"Looks that way to me," source said.