David Stern Wants NBA Player Salaries Cut by One-Third

One-third? Wow. This is the type of report that keeps Billy Hunter up at night. From the AP: NBA commissioner David Stern says there was no quantifiable progress in collective bargaining talks over the summer, and the league has revealed it is seeking a reduction in player salary costs by about one-third. Stern says the league wants player costs to drop by about $750-800 million. Deputy commissioner Adam Silver says the NBA currently spends about $2.1 billion annually in player salaries and benefits.”