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Report: NBA owners to seek huge salary cuts

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ESPN.com reports: A collective bargaining agreement offer presented by NBA commissioner David Stern to players' union director Billy Hunter includes rollbacks that could reduce maximum guaranteed salaries, both for veterans such as Kobe Bryant and LeBron James and young stars such as the Bulls' Derrick Rose, to almost a third of what they would have been eligible for under the current agreement, a source familiar with the negotiations said. The current deal is set to expire as of July 1, 2011.

"The league has to be careful," said one agent who requested anonymity. "If the top players are united against David, that's going to make for a tough fight. It could get very ugly."


Get the full story: ESPN.com

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