NEW YORK (Reuters): National Basketball Association players rejected the league's latest contract offer on Monday and will disband as a union, a move that could wipe out the entire NBA season with the sides taking their labor dispute into the court of law.
The National Basketball Players Association said it would no longer continue in collective bargaining and will become a trade association in order to pursue legal action against the NBA, with the entire 2011-12 season hanging in the balance.
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