The NBA lockout looked to have made a turn for the better with players and owners opening up talks. There was optimism that a deal could be reached soon and that the NBA season would begin sooner rather than later.
Howard Beck of the New York Times was the first to report that the talks broke down.
Brian Windhorst of ESPN was the first to confirm that it was in regards to the Basketball Related Income (BRI) and that neither side could come to an agreement over an acceptable percentage.
However, Adrian Wojnarowski of Yahoo Sports is reporting that the BRI was not the sole reason for the sides not reaching an agreement.
SBNation New York will keep you updated as more news is released regarding the NBA lockout.