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NBA Players Reject Revised Proposal

DETROIT (CBS) - The National Basketball Players Association has decided not to accept or extend the opportunity to vote to all players after meeting for almost three hours in New York Monday to discuss the league's latest proposal.

"We've arrived at the conclusion that the collective bargaining process has completely broken down," Billy Hunter said.

Hunter announced the players have decided to file an anti-trust disclaimer against the league and its owners. The NBPA will be transferred from a union into a trade association. So really, this skips a step in decertification as the union is disbanded immediately.

"This is where it stops for us as a union," Derek Fisher said.

Fisher said it was a unanimous decision to file the disclaimer.

Union attorney Jeffrey Kessler and David Boies will represent players in anti-trust action against NBA. Boies was part of the NFL's legal process during the players' decertification.

In attendance were some heavy hitters like Kobe Bryant, Carmelo Anthony and Chris Paul. Many players were there and crowded in behind Billy Hunter and Derek Fisher for the announcement.

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