Talks between the NBA Players Association and team owners failed to produce an agreement to end the lockout Friday, and league officials reportedly decided to cancel the remaining November games, according to an online Los Angeles Times blog.

League commissioner David Stern had earlier announced cancellation of the first two weeks of the season.

"We made a lot of concessions, but this time, unfortunately, it's not enough," players union chief Billy Hunter said after the day's negotiating session with NBA officials in New York.

The key unresolved issues are the division of league revenues and salary cap arrangements.

It remains unclear when bargaining talks will resume.

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