NBA: David Stern, Adam Silver Announce NBA Lockout

The 2011-2012 NBA season may not happen.

David Stern says if the players union does not give them a better offer there will be no season.

The NBA owners and the National Basketball Players Association have been in talks for a while now on a new contract but have not been able to find an agreement that was fair to both sides. As a result the owners say they will be instituting a lockout