The NBA and the Players Association met for 12 hours on Wednesday. The bad news is that they still haven't reached a deal. The good news is that the NBA is freezing it's timeline in regard to a "reset" proposal until they get through this session, which will continue Thursday at noon.

System issues were the focus, and Adrian Wojnarowski tweets that progress was made on three of the five key ones, adding "this remains a tenuous process but the owners wouldn't have, as Stern termed it,, 'stopped the clock,' without real progress. Onto Thursday".. But Billy Hunter said afterward that the two sides still don't have an agreement on the economics.

"We're not failing," David Stern said, "and we're not succeeding." Meanwhile, Forbes reports that the Nets would be among five teams that would lose less money by not playing any games this season.

• NBA and players to talk again Thursday - Brian Mahoney - AP
• Time For Some Action - Sekou Smith - NBA.com
  
• N.B.A. Talks Yield Progress but No Breakthrough Yet - Howard Beck - New York Times
• NBA-NBPA talks pass deadline; still no deal - Ken Berger - CBS Sports
  
• Sources: 'Significant' progress made toward deal - Adrian Wojnarowski - Yahoo! Sports
• NBA talks conclude; no major progress - Chris Broussard - ESPN
  
• Count on 50/50, despite talk - Henry Abbott - ESPN
• Nothing decided, talks to resume Thursday - Alan Hahn - New York Newsday
• Still no deal between NBA, players; sides to meet again Thursday - Sean Deveney - Sporting News
  
• NBA-NBPA talks pass deadline; still no deal - Ben Golliver - CBS Sports
  
• NBA lockout talk optimistic, or just confusing? - Sam Amico - FOX Sports
• Five NBA Teams Would Lose Less Money With No Season - Mike Ozanizan - Forbes