NBA Ready To Cancel Regular Season Games

From ESPN: NBA players and owners still have no deal headed into the deadline day for starting the season on time.
Negotiators for the sides agreed to meet Sunday and then huddled for more than five hours before breaking for the night. They agreed to resume talks Monday afternoon, but union president Derek Fisher of the Los Angeles Lakers acknowledged that the sides are "not necessarily closer" to a deal than they were when talks stalled last week.
NBA players and owners still have no deal headed into the deadline day for starting the season on time.
Negotiators for the sides agreed to meet Sunday and then huddled for more than five hours before breaking for the night. They agreed to resume talks Monday afternoon, but union president Derek Fisher of the Los Angeles Lakers acknowledged that the sides are "not necessarily closer" to a deal than they were when talks stalled last week....
Stern said last week that the first two weeks of the regular season will be canceled Monday if the parties don't have the framework of a new labor agreement in place. The entire preseason schedule has already been canceled and training camps have been postponed indefinitely, but the Nov. 1 scheduled start to the regular season has not yet been ruled out.
That is expected to happen if Monday's meeting, which began around 2 p.m. ET, doesn't generate telling progress. Stern, though, offered little to reporters after Sunday's hastily arranged meeting, saying only: "No comment other than we are going to reconvene tomorrow."
Said Fisher: "Another intense meeting, similar process. We're going to come back at it tomorrow afternoon. We're going to continue to try to put the time in to if we can get closer to getting a deal done."
Talks dissolved last week when the players rejected the league's offer to try to make a deal work by splitting annual revenues -- known as Basketball Related Income (BRI) -- at an even 50-50. In 2010-11, which was the final year of the NBA's previous six-year labor agreement, players earned 57 percent of BRI.

http://espn.go.com/nba/story/_/id/7083100/no-nba-labor-deal-headed-deadline-day
Right now, there is no real urgency in getting a deal done. The players probably have saved up their money and many players are also going over to Europe to play basketball.
The owners are losing money, so if they don't play basketball, they don't lose money. While some teams are profitable, many others are not.
So, it looks like they will cancel at least the first week of the schedule in the very near future and in reality, not too many people will care.