Maybe you just can't have it all, might be the thought running through the mind of Dallas Mavericks owner Mark Cuban, who is preparing to host the annual NBA All-Star weekend on the tails of troublesome news that the NBA is looking to dramatically overhaul their Collective Bargaining Agreement.

The opening salvo delivered by Commissioner David Stern asserts for dramatic cutbacks and concessions by NBA owners. According to sources close to the on-going discussions, the proposal includes rollbacks that could reduce maximum guaranteed salaries, both for veterans such as Kobe Bryant and LeBron James, as well as up-and-comers like Kevin Durant and Brandon Jennings, to nearly a third of what they would have been eligible for under the current agreement. But probably the biggest shocker would be that any pre-existing deals to be revised to conform to the new deal's limits.

The current deal is set to expire on July 1, 2011, which the league's owners have the option to extend it by one more year, however, they've already made it clear they don't intend to.

Yahoo!Sports Adrian Wojnarowski describes the developments to the labour negotiations as commissioner Stern's attempt to go for the "jugular". "Owners have delivered commissioner David Stern an unmistakable mandate: Get our money back and get us profitable. The tone is downright nasty on the owners' side. There exists an undercurrent of desperation within much of ownership, a sense they're hell-bent on bringing the players to their knees. Players Association executive director Billy Hunter is preparing for the fight of his life, with the agents armed to advance to Defcon 1 with him."

The New York Daily News' Mitch Lawrence depicts a league drowning in red ink, where franchises in Atlanta, Charlotte, Detroit, Indiana, Memphis, Miami, Milwaukee, Minnesota, New Jersey, New Orleans, Oklahoma City, Orlando, Philadelphia and even Dallas are set for significant losses this year.

Despite the NBA's assertions, the players'association described the offer as "ludicrous" and "unfair." Adonal Folye characterizes the owners pitch in the following manner: "A system like that would be too restrictive, and it doesn't jibe with what we think the league is. We have been willing to negotiate a guarantee that we don't get over a certain threshold, and no other businesses do that. We hold back 9 percent of our income so that the owners can make sure they are covered on the back end. We have given up a lot of stuff, and they have given up a lot of stuff, so I think to start off a negotiation in this rash a term, I think it's unfair."

NBA aims to crush union in labor battle [Yahoo!Sports]

Foyle says owner proposal goes too far [ESPN]