Per Rotoworld
In announcing the cancellation of all NBA games through November 30, commissioner David Stern said that there will not be a full 82-game season "under any circumstances."
The players' union drew a line at 52% of BRI, stalling talks even after significant progress was made on 'systems issues' such as amnesty clauses and the luxury tax. There are no scheduled negotiation sessions and NBPA president Derek Fisher has flown home, according to various sources, so the odds of a deal this weekend just tanked. The sides have inched closer and closer, however, and presumably there will be more talks early next week.
Both sides better do something soon once college hoops start NBA could be a after thought.