Tag Archives: nba lockout

NBA Lockout meeting update

The Last NBA Lockout meeting was a crucial one for both the NBA players and the owners. However, no significant decision was taken during this meeting. The only outcome was the decision that the next NBA season will be late, with a possibility of cancellation.

The Agenda of the Meeting:

The labor negotiations between the NBA players and the team owners regarding the crucial issues of the revenue split was the main issue behind the meeting. When the meeting began, the players were ready to reduce their share to 53% from 57% of the last season. However, the owners were asking the players for a 46% share.

The outcome:

The players were still adamant on 53%. While the owners moved to a mere 47%. The fate of the new season is undecided. The NBA has cancelled the rest of the preseason games.

This meeting was in effect, indecisive. There was no decision on the schedules for future meetings either. The season is scheduled to begin in just four weeks and it is not a good sign with the rest of the preseason games also being cancelled. There are speculations that many more games may also to be cancelled.

According to commissioner David Stern, the first two weeks of the 2011-12 regular seasons will be cancelled if no deal is reached between the two sides.  So far, Monday is set as the deadline to save the start of the regular season in November.

The talks on Tuesday were supposed to enable a negotiation between the Players and the owners. The meeting failed as the economic gaps could not be narrowed. With no confirmed meeting ahead the future looks bleak.



Potential Economic Fallout of NBA and NFL lockout

The NBA and NFL lockouts affect not only the franchises, but also have a significant impact on the media revenue. Take a look:

NFL Strike May be Settled but What About NBA?

A few weeks ago, on July 25th, the NFL players voted to approve a new deal just a few days after the owners approved a tentative new deal, finally putting an end to the four and a half month lock-0ut that had football fans in a panick.  The recent lockout was the longest in league history. 

Well, this is wonderful for our fellow football advocates, but where does that leave the NBA? Traditionally the NBA season begins the last week of October.  But as we barrel towards September and there is no sign of a pre-season in sight fans and especially season ticket holders are getting worried.  Though the lock-out began Friday July 1st, by the second week of the lock-out already 11% of the NBA had lost their jobs.  The impact of the NBA lock-out couldn’t be predicted. 

As things stand now, the NBA lockout is headed for the courts, and we don’t mean basketball courts.  The owners of the NBA went on a strike nearly two weeks ago, filing an unfair labor practice lawsuit against the players in an effort to nip any chance of decertification in the butt.  In spite of the bold move on owners part, many predict this will do nothing but prolong the work stoppage and that this is the NBA league’s attemt at gaining bargaining power by strong-arming the players.  As for now however the Union has not decided to decertify, though fans believe it would be the best move for the players at this point.   The message being sent by the owners is there will be no compromising on a hard salary cap or progress in meeting other union demands.

 It seems inevitable that in spite of the owners aggressive and offensive actions, the NBA would eventually come to an agreement.  But it may take some missed games (or a missed season, heck!) along with some bad publicity to end the lockout.

The NBA lockout brings up an interesting point of view- what about elderly NBA players who couldn’t dream of making what the NBA players of today are asking.  For example, Bob Cousy who is now 83, retired in 1963 as one of the NBA’s highest-paid players; at $35,000 a year!  For NBA stars of the past, some held several jobs to make their bills.  Of course Basketball has since gained much popularity and the days of an average salary of $10,000 a year with no pension plans are far behind us.  Still, some might say that the new NBA model is flawed because the popularity of the NBA has not yet caught up with it’s growth.  In other words, unless your the Los Angeles Lakers, the Los Angeles Clippers, the Boston Celtics, or the New York Knicks, you are going to more likely struggle and meeting the new NBA demands would be impossible from an owners perspective.  The NBA has expanded to so many cities and the success of the majority of them is nowhere near that of Boston, Los Angeles, or New York.

One thing this lockout is proving; the popularity of Basketball has exploded and reached levels that could never have been predicted in 1963.  But it seems we can all agree- let’s get this settled so we can all enjoy the game.

What Will Happen with the NBA Lockout?

It was recently announced that11% of the NBA jobs were lost in the NBA Lockout.  And it’s only been two weeks since the Lockout was announced.  Owners and Players just can’t seem to reach an agreement and the casualties thus far are staggering.

However, recent news suggests that an attorney for the players, who are all under a gag order, said that the players feel the NBA is whitholding important documents requested by the union.  And this after insistence from the league that they are open with their finances.

Lawrence Katz is the Union’s lead attorney.  The players want three documents that the owners are not delivering.  The documents relate to franchise valuation, sales prospectuses, and finances on related-party entities.

In addition to this lack of delivery by the league, Lawrence Katz also said the union has made repeated requests for other documents relating to finances and that the league has also failed to comply with those requests.

Reps for both are scheduled to meet Friday!  Hopefully in time before more jobs are lost.