Union rejects NBA owners latest offer.

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NEW YORK (AP) -- Union president Derek Fisher says his orders from NBA players are clear: No deal.
The league proposed that players receive between 49 percent and 51 percent of basketball-related income, though players argue it would be nearly impossible to get above 50.2 percent.
Players have until Wednesday afternoon to take the deal. If not, the next offer is expected to call for rolling back players' salaries, a 53-47 revenue split in the owners' favor and essentially a hard salary cap.
Union executive director Billy Hunter says that as much as players want to play basketball, they're still of the mind-set they don't want to accept a bad deal.
Hunter says the players want to negotiate, adding that he will reach out to Commissioner David Stern later Tuesday or Wednesday to see if they would be willing to return to the table.