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UPDATE: NBA to lock out players after no new deal

Published 06/30/2011, AP Basketball Writer

UPDATED: 8:45 P.M.
LeBron's move to Miami and Dirk's title in Dallas couldn't hide a simple fact: Owners insisted they were losing money, perhaps $300 million this season, and weren't interested in subsidizing a system they felt guaranteed they'd keep losing more. So the NBA will lock out its players, a long-expected move that puts the 2011-12 season in jeopardy and comes as the NFL is trying to end its own work stoppage that began in March.

Word count: 1266

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