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NBA Lockout Update: Players Reject Deal, Will File Disclaimer Of Interest

The NBA players association has decided to file a disclaimer of interest, effectively beginning the process of disbanding the union, and also intend to file an anti-trust lawsuit against the NBA.

"This is the best decision for the players," union president Derek Fisher said. "I want to reiterate that point, that a lot of individual players have a lot of things personally at stake in terms of their careers and where they stand. And right now they feel it's important -- we all feel it's important to all our players, not just the ones in this room, but our entire group -- that we not only try to get a deal done for today but for the body of NBA players that will come into this league over the next decade and beyond."

The union was offered a proposal this weekend that doubled as an ultimatum from David Stern and the NBA owners, but Fisher said player representatives voted unanimously in favor of voting down the offer. 

-- For more NBA coverage, visit our league page. For the latest on lockout negotiations, visit our lockout stream.