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New York, NY (Sports Network) - Representatives of NBA owners and union members met for nearly 5 1/2 hours Wednesday to try and make progress in their labor stalemate.
NBA commissioner David Stern and union president Derek Fisher of the Los Angeles Lakers wouldn't say if inroads were being made, but both sides plan to continue talks Thursday.
"Time is running down, not necessarily out," Fisher said. "I think we all feel in the room that if we continue to work at it we can possibly find a way to get a deal done."
The NBA locked out its players on July 1 after the most recent labor deal between the two sides expired. The sides didn't meet until a month later and Wednesday marked their first face-to-face meeting since August 1.
Although there's still more than enough time to get a deal done before the regular season begins on November 1, the preseason is creeping up with the first contests scheduled for October 9. Training camps are slated to open October 3.
"I'm not going to speculate," Stern said about the progress of the negotiations. "We agreed that we're going to sit here for as many days as we can to see whether we can make progress, but we agreed not to characterize anything at all."