"We are actually focusing our efforts so entirely on reaching a deal that we haven't gone into a risk assessment mode for a lockout, because we are trying as hard as we can to reach an agreement with our players," Stern said. "We have been talking for a long time. I think that the atmosphere is cordial and open. We have provided the players with as much access as have ever been given to financial records, which is complete audited reports [and] tax returns. Although I can't say we have made great progress, both sides are committed to meetings and talking."
Stern was speaking at a news conference ahead of the exhibition game between the New York Knicks and Italian team Olimpia Milano.
"We met last week and I'd say we will be meeting several times in the fall and we remain optimistic that with the energy on both sides we will be able to do it and reach an agreement on both sides," Stern said.
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