The offer is going to be 47% + flex-cap, as Stern said yesterday. But it might not matter, since that offer is with the union. If the union decertifies (is basically no more), then all bets are off. Owners are going to try to void contracts to gain leverage and players are going to sue on anti-trust grounds over the draft, rookie scale, etc.
Eventually they'll land a judge that will tell them they either get an agreement in place, or the judge himself will draft it without any input from the sides, and taking the last CBA as reference. At that point, both sides will sit their asses and stop with the petty bull , because neither side wants to risk a third party deciding what the agreement should be. This is what happened with the NFL, and honestly, it worked well for the union. It doesn't mean it will always work well for them, but it's a risk they might have to take considering owners won't budge.

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