- The league's owners began a lockout of players in early July
- Sides are deadlocked over salaries, revenue sharing
- Talks will resume Thursday afternoon
A federal mediator said "constructive" talks between NBA players and owners will continue Thursday afternoon.
"Everyone is extremely focused on the core issues, the difficult issues that confront them," mediator George Cohen told reporters Wednesday evening.
Lengthy negotiations were held Tuesday and Wednesday.
With the first two weeks of the regular season canceled, pressure is on to resolve the labor agreement impasse.
The league's owners began a lockout of players in early July.
Commissioner David Stern has said that last season was not profitable for most of the league's 30 owners, who want cost-cutting help from players. The league lost as much as $300 million in the 2010-11 season, he said.
One of the battles has focused on the owners' rejection of the players union's call for an average $7 million player salary in the sixth year of a new labor deal. The current average salary is about $5 million.
Other big issues include a fight over a move by owners to get a bigger share of revenues and whether the NBA will strengthen its salary cap.