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NBA Lockout: League Cancels Games Through Dec. 15 As Players File 2 Antitrust Suits

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Surrounded by NBA basketball players, Executive Director of the National Basketball Players Association Billy Hunter, center, and NBA Players Association president Derek Fisher, second from left, speak to the media during a news conference after a meeting of the players' union in New York, Monday, Nov. 14, 2011. The NBA players rejected the league's latest offer and have begun the process to disband the union. (AP Photo/Seth Wenig) | AP

The NBA formally notified teams Tuesday that it has canceled games through Dec. 15, erasing a total of 324 games or 26 percent of the season as the lockout lingers into its 138th day.

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