Video: NBA Lockout Continues With David Stern Announcing Cancellation Of NBA Preseason

by Nate Parham on Oct 4, 2011 7:38 PM PDT

NBA commissioner David Stern announcing the cancellation of the 2011 NBA preseason schedule. As Ken Berger of CBS Sports reports, although the NBA owners and players are closer than they have been to a deal, they're still $80 million per year apart and the official cancellation of 2011-12 regular...