NBA Talks Break Off; Players Will Disband Union; Everything Is Awful

Billy Hunter says the players have rejected the league's latest offer, which he called "extremely unfair," and says the association is "prepared to file antitrust action against the NBA." They're also beginning the process of disbanding the union. From Yahoo's Adrian Wojnarowski [sic'd]: "The chances of losing the entire 2011-12 season has suddenly become the likelihood." [AP, Twitter]