Christian Petersen/Getty Images(NEW YORK) -- The NBA Players Association has rejected the league’s latest CBA proposal, which would have given the players a chance to earn up to 51 percent in revenue sharing.

“Our orders are clear, right now the current offer that is on the table from the NBA is not one we can accept,” NBAPA President Derek Fisher said. “Our orders are also clear that we are willing to continue to negotiate.”

NBA commissioner David Stern has said if the union did not accept their proposal by Wednesday, the league’s next offer would not be as favorable for the players.

The NBA has already cancelled regular season games through November.

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