The decision was made after league owners and players
were unable to reach agreement on a new collective bargaining agreement
in a last-ditch meeting in New York.
The season was scheduled to start on November 1 and the
abandonment covers all games originally scheduled to be played through
to November 14.
“Despite extensive efforts, we have not been able to
reach a new agreement with the players’ union that allows all 30 teams
to be able to compete for a championship while fairly compensating our
players,” NBA deputy commissioner Adam Silver said in a statement.
The league said refunds plus interest were available for all NBA season-ticket holders for all pre-season and regular-season games that were canceled.
NBA owners contend
the league lost $300 million last season with 22 of 30 teams in the red.
They had wanted the league’s share of basketball-related income
increased from 50 to 57 percent, along with a firm salary cap and
The players had offered to reduce their share from 57
to 53 percent. The league has said owners were willing to discuss a