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NBA releases statement regarding the cancelled 'The Gilas Last Home Stand'

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The NBA has issued a statement regarding 'The Gilas Last Home Stand' basketball event that has been cancelled.

The statement reads:
Under the terms of the NBA's Collective Bargaining Agreement, players are allowed to participate in offseason basketball games or exhibitions when requirements for those events are met, including ensuring that appropriate safeguards be in place, and the promoter seeks the proper exemptions from the NBA and the player’s team. The promoter of this proposed event, East-West Private LLC, was informed of this process several months ago but did not take the required steps. Filipinos are among the most passionate basketball fans in the world and we are committed to bringing them more access to our game and supporting the ongoing Typhoon Haiyan rehabilitation efforts.
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