The NBA players' union has rejected the owners' most recent collective bargaining proposal and will instead seek to disband the union, a move that likely jeopardizes the 2011-12 season.
NBA players broke off negotiations with the league Thursday night, saying there had not been enough progress to get a deal done to end the lockout.
The NBA and the NBA Players Association negotiated Wednesday for eight hours past the league's stated 5 p.m. ET deadline for a deal and made sufficient progress to schedule another round of talks for Thursday.
NBA commissioner David Stern canceled the first two weeks of the season Monday after owners and players were unable to reach a new labor deal and end the lockout.