Sunday, July 10th, 2011

NBA lockout: Facts and Quotes

Published on July 1, 2011 by Scott Shirley   ·   1 Comment

It has finally arrived the NBA lockout is happening. This is going to get ugly, I could see there being half of a NBA season next year, and maybe even no season at all. That would hurt because the NBA is hot right now with all the star players in the league, it can’t afford a lockout right now.

Unfortunately the players and owners are not even close. You think the NFL players and owners are bad the NBA is ten times worst than that. Below are some quotes and facts about the NBA lockout from various people.

-league’s claims that 22 of its 30 teams are losing money, Players union desputes that number

- NBA commissioner David Stern

“I’m resigned to the potential damage it could do to our league,”

“We don’t have any choice,” “We’ve tried unsuccessfully to persuade the union. There has to be a return on the investment we are making.

“It worries me that we’re not closer. We have a huge philosophical divide.”

- Bill Hunter Players rep

“I’ve been anticipating this lockout for the last two or three years,” It’s here. Maybe now we can really begin to negotiate all those issues.”

“Obviously, the clock is now running with regard to whether or not there will or will be a loss of games,”

“I’m hoping that over the next month or so that there will be sort of a softening on their side and maybe we have to soften our position as well.”

-We may not see movement until it gets close to the end of the year,” said Marc Ganis, president of sports consulting firm SportsCorp. “Players have been so well paid for so long, they can hold out for longer than most of the other sports. NBA players don’t have the same [financial] issues as NFL players, who are very eager to get back on the field.

“This one is likely to be a long lockout. It could be half a season; it potentially could be a whole season.”

- Deputy Commissioner Adam Silver

“The expiring collective bargaining agreement created a broken system that produced huge financial losses for our teams.”

“We need a sustainable business model that allows all 30 teams to be able to compete for a championship, fairly compensates our players, and provides teams, if well-managed, with an opportunity to be profitable.”

- Mitch Lawrence New York Daily News

With owners demanding a hard salary cap and players holding firm on the current soft cap, there has been no significant progress during almost 18 months of talks. Citing $300 million in losses for the league for this past season, owners are seeking a 50-50 split of revenues.

They’re demanding that players’ salaries and benefits be slashed by $800 million annually. Players enjoy a 57-43 split now, and recently offered to reduce their salaries by $100 million annually. But their offer was rejected.

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Readers Comments (1)

  1. Tim says:

    Wow this is going to be real real bad. Looks like I will only have college basketball to look forward to this winter.




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