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Cohen: "Direct and Constructive"

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NBA owners and players ended negotiations Wednesday after more than eight hours.   Federal mediator George Cohen says the two sides will resume bargaining on Thursday afternoon, the third straight day the two sides have met in a New York hotel conference room.

Cohen says the discussions have been "direct and constructive." And for the second straight night, players and owners reps declined comment, per Cohen's request. The two sides have now negotiated 24 of the last 32 hours. At one point David Stern left the talks to meet with the owners on revenue-sharing, but Adam Silver and the Spurs' Peter Holt, head of the owners' labor committee, continued.

Thursday's meeting will mark the first time the two sides have met three days in a row during negotiations.