News from October 28.

As expected, the NBA cancelled the rest of the games scheduled for
November.  They also announced that the scheduled December 12 game between
San Antonio and the LA Clippers in Mexico City has been cancelled.  The 
league said that this will be the last public announcement of games being 
cancelled until a new collective bargaining agreement is reached between 
the NBA and the Players Association or until they decided that there are 
not enough games remaining to have a season and announce the cancellation 
of the entire 1998-99 season.  Even without the announcements, each week 
that the lock-out continues means another week of games lost.  NBA 
commissioner David Stern has said that some of the lost games may 
possibly be rescheduled during the season and/or extending the season 
some and starting the playoffs at a later date.  So far 194 regular 
season games have been cancelled.  Progress is [finally] being made in 
the labor talks as both sides met on Saturday, Monday, Tuesday, and 
Wednesday (with the session ending at 1 am) and are negotiating - but 
both sides are still pretty far apart.

The NBA Board of Governors formally approved the sale of the New Jersey
Nets to a group of businessmen headed by Finn Wentworth, Stanley Gale, 
and Raymond Chambers.  The group is reported to have paid about $150
million for the team.