No Deal: NBA cancels first two weeks of season

Two weeks of NBA games are lost. Many more could be in jeopardy.

There's a "gulf" that separates owners and players, and they will have to close it quickly to avoid further damage to the schedule.

Sticking to his deadline, Commissioner David Stern wiped out the first two weeks of the season - exactly 100 games - after more than seven hours of negotiations Monday failed to produce a new labor deal and preserve the Nov. 1 season openers.

The cancellations mark the NBA's first work stoppage since the 1998-99 season was reduced to 50 games.

Clashing more over the salary cap system than economics - but still far apart on both - Stern said the sides are "very far apart on virtually all issues. ... We just have a gulf that separates us.