Here's from Twitter, in chronological order: (Bold done by me)
From NBPA VP Roger Mason Jr., "...no where near a deal! It's def disappointing!"
Ken Berger, CBS Sports:
Billy Hunter, "We came with intent to negotiating... prepared to compromise... Unfortunately, we're a bit pessimistic. The owners are unwilling to move off of the position on which they've anchored themselves."
"Hunter says two sides remain at odds on two key issues: economics and the system. No future meetings scheduled."
HowardBeck of NYT: "Billy Hunter says talks have yielded 'little or no progress'".
KBergCBS: "Hunter said lines of communication will remain and players will meet again if the need arises. As of now, not enough progress to warrant."
"Derek Fisher: 'It's discouraging and unfortunate, but that's the reality that we're facing.'"
"Hunter said players were prepared to move on economics, but owners insisted on major changes to system."
"Hunter: Owners did not make a formal proposal and remain in the same place they were June 30 before lockout began."
"Fisher: 'We're not marching towards a deal at this time or at any time we [c]an predict.' That's a killer quote."
"Fisher: 'We can't come out of here thinking that training camps and preseason are going to start o[n] time at this point.'"
Brian T. Smith @tribjazz: "About 20 NBA owners want to fix what they believe is a seriously broken system. They're not going to cave and can wait out players."
KBergCBS: "Hunter bombshell: 'We've advised (players) they may have to sit out half the season before we get a deal.'"
KBergCBS: "Hunter says hard cap 'highly untenable ... It could be characterized as a blood issue."
"Hunter and Fisher say economic concessions were contingent on system remaining the same or similar. Owners not willing to move on hard cap."
David Aldridge: "Bottom line: union was unwilling to give up more money from its previous proposal ($100m/yr in concessions) to keep current system in place."
KBergCBS: "Hunter says there's a 'division of interest' within ownership. Owners spent three of 5 1-2 hours meeting amongst themselves."
David Aldridge: "League previously called union proposal 'modest' and claimed players wouldn't be really giving back $100M annually."
Brian Windhorst ESPN: "2 things owners know: 1. With avg. salary of $5M, players aren't starving. 2. Can't break a union until paychecks start getting missed."
KBergCBS: "Hunter: Hard cap would mean 'at any whim,' players on non-guaranteed deals would be 'out the door. And we're saying, 'No Way.'"
Adrian Wojnarowski Yahoo! : "Union and agents always knew NBA was going disstance for hard cap. They want this to look like NHL. And hockey lost a full season getting it."
David Aldridge: "Fisher: 'this is a position we expected to find ourselves in two years ago.'"
KBergCBS: "Matt Bonner of exec committee: 'Given the calendar, we saw a window here. Unfortunately I don't think the owners were willing.'"
Chris Mannix Sports Illustrated : "Said it all along: one side is doing to have to come way off current stand for any deal to get done. Right now, no one is."
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KCJHoop: "Answer I've always given on when NBA lockout ends: 'When the league wins.' Today's events (hard cap talk, etc.) underscore that."
stevekylerNBA: "The Players had proposed a revenue share split that favored the owners, in exchange for a labor system similar to the old one. The players went into today's meeting expecting a deal based on favorable talks last week and did not get what they expected."
"Apparently a large chunk of today's meeting involved the owners talking amongst themselves, and they failed to agree to the Players terms."
SamAmicoFSO: "Basically, players seemed to think NBA owners might back off stance of hard cap. But learned today they won't. 50 games would be miracle."
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KBergCBS: "Stern: 'We reiterated to the players that we need a system that is economically feasible..'"
"Stern: Felt going in there was an economic deal 'within view.' Thought there were economic goals they could mutually meet."
"Stern said concern came from players stating the cap system had to remain exactly as it is today for them to accept economic concept."
"Stern: Owners huddled and were not unanimous on concepts. But all owners unified they need system allowing 30 teams to compete."
"Stern: We agreed to be in touch."
"Stern: We did not have a great day."
"Stern says it's 'still our goal' to start season on time."
"Stern says players did make proposal last week that formed discussions."
"Stern says not accurate that owners are still sitting on same proposal from June."
"Silver: 'You don't hear us using terms like 'blood issue' and 'non-negotiable.' Frankly, we don't understand.'"
"Silver: 'A GM that's given $100m to spend compared to a GM with $50m to spend is at a huge competitive advantage.'"
"Stern says players' stance against hard cap is 'an emotional attachment.'"
"Stern: Owners spent "substantial time" discussing revenue sharing plan amongst themselves."