NBA players reject latest offer; union files ‘disclaimer of interest’

14 Nov

The NBA Players Association announced Monday it had rejected the latest collective bargaining agreement proposal by the league and will file an antitrust suit against the league.

Los Angeles Lakers guard Kobe Bryant arrives for a meeting in New York on Monday. Player representatives from NBA teams met to discuss the league's proposal for a new collective bargaining agreement. Picture: Seth Wenig/The Associated Press

All 30 NBA teams were represented at the players meeting in New York.

The player’s association will file a “disclaimer of interest” with the courts and become a trade association.

Disclaimer of interest (also called a renunciation), is a term that describes an attempt by a person to renounce their legal right to benefit.

The renunciation will pave the way for the players to file an antitrust lawsuit against the league.

Monday’s events will now seriously jeopardize the  entire 2011-12 season. The league has canceled games through mid-December, and it’s likely more cancellations will be forthcoming.

 

😦

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