NBA Commissioner David Stern has announced that the league has cancelled games through November 30 and also stated that a full 82-game schedule will be impossible at any point of the year. He added that the league has lost approximately $200 million just by missing out the preseason and will lose more with the loss of games throughout the month of November.
According to Stern, the league has come up with a plan of 50 percent in the split of revenue but the union head Billy Hunter, on behalf of the players’ share, said he was not willing to go below 52 percent in the deal. When the offer given to players was reduce from 57 percent to 52 percent, Hunter said that it would have transferred approximately $1.1 billion to the owners over 6 years. Currently, at 52 percent, he said that would increase to more than $1.5 billion.
On the other hand, the league insists to claim it needs more dispensation from players as part of its system overhaul to cover losses that totaled $300 million last season as well as $1.6 billion over the last collective bargaining agreement.
Similar situation occurred to the league in 1999, that particular season didn’t begin until early February. Both owners and players didn’t agree on a new collective bargaining agreement until early January, the league had a 50-game season that year.
No meetings have been scheduled between owners and players to avoid further damage of prolonged NBA lockout. If the owners were discussing on “system” issues with the comprehension that the players would agree to the 50 percent deal, and the players won’t, does that mean all the effort that was made in the past few days or so has to be done again?
Lee Yin Ying 0908499
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wow, u guys submitted two pieces? :)
ReplyDeletecheers,
Bryan