NBA Player's Union to decertify. 2011-2012 season very likely never to be played. All pre-existing contracts possibly to be voided.
David Stern talks to SportsCenter here: http://espn.go.com/video/clip?id=7234584&categoryid=2459788
Oh, somewhere in this favored land the sun is shining bright;
The band is playing somewhere, and somewhere hearts are light,
And somewhere men are laughing, and somewhere children shout;
But there is no joy in Basketballville - the mighty NBA has struck out.