NEW YORK (AP) — NBA owners and players are meeting again, hoping to reach a deal to end the lockout but aware of the consequences if they fail.

The sides met for 12 hours Wednesday, passing Commissioner David Stern’s deadline for players to accept the league’s current proposal or face one that would be much worse. He says he “stopped the clock” while this round of negotiations continues but warns the harsher proposal will be put into play if talks break down.

The sides talked mostly Wednesday about the salary cap system issues that divide them but did not discuss the division of basketball-related income that is the other major obstacle. Owners are calling for a 50-50 split, which the players would consider if they get the concessions they seek on the system.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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