Executive Director Billy Hunter said that the “Collective bargaining process has completely broken down…” and added, ” It was a system under which we felt we couldn’t function.”
Union president Derek Fisher told media members, “This is where it stops for us as a union.”
The union heads went on to say that a disclaimer of interest, which effectively dissolves the NBA players union will be filed later Monday afternoon. The disbanding of the union leads the way for a lawsuit to be filed by the players for anti-trust violations.
With a lawsuit imminent and talks now completely broken down between the two sides, it appears that the chances have increased mightily that the 2011-12 NBA season may be lost completely.