Obama 'heartbroken' NBA season will be delayed

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But the NBA season looks to be in serious danger, as owners and players find themselves facing a wide gulf on a revenue sharing proposal. This will be the first work stoppage for the league since the 1998; among the games cancelled already canceled next season will be Wizards home games against the Bulls and Magic.

"We remain very, very far apart on virtually all issues,” Stern told reporters Monday in New York. “We just have a gulf that separates us."