https://espn.go.com/nba/story/_/id/7031637/nba-lockout-owners-players-meet-friday-possibly-weekend
Looks like they're working through the weekend.
Highlights of proposed changes:
The "Larry Bird exception," which allows teams to exceed the cap to retain their own free agents regardless of their other committed salaries, is limited to one player per team per season.
• The mid-level exception, which the league valued at $7.4 million last season and could be extended by as many as five years, is reduced in length and size.
• The current luxury tax, the $1-for-$1 penalty a team must pay to the league for the amount it exceeds the salary cap, is to be severely increased.
In last week's negotiating session, the owners proposed that the players' share of basketball-related income, or BRI, be sliced from 57 percent to 46 percent, and a source told Broussard that the players were offered 48 percent of BRI on Tuesday.
The owners also want a 5 percent reduction on all existing salaries for this season, a 7.5 percent reduction of all 2012-13 salaries and 10 percent reduction of 2013-14 salaries, a source said.