It just seems to me the owners are negotiating in bad faith. They're not even pretending to care about what is best, or fair, for both sides. This is not to say the players do,but, they at least seem to recognize they need to give back some.
The players really should seek employment elsewhere (Europe?), or form their own league. It wouldn't be very lucrative to start, but, if the players somehow could find a way to organize a league based, to start, on the current rosters it might work. Keep teams as they are and have all free agents go into a pool where they are drafted to teams in a fantasy style draft. I'm sure they could come up with enough money to rent smaller local arenas, hire coaches, refs, and could probabaly even get a small national TV deal. Possibly look to purchase an insurance policy, in case of injury to protect them from losing their current NBA contracts.
Regardless, the players need to make the owners understand they can not be treated as if they'll always be there. It is just as much a priviledge to own an NBA franchise as it is to be a player.