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Lockout!!!

colton

colton

All Around Nice Guy
Contributor
https://sports.espn.go.com/nba/news/story?id=6723645

NEW YORK -- NBA players are locked out, possibly jeopardizing next season.

Union chief Billy Hunter said Thursday afternoon that owners had locked out the players after failing to reach a new collective bargaining agreement.

"It's obvious the lockout will happen tonight," he said.

With this latest action, two of four major professional sports in the United States are locked out. The NFL locked out its players in March, and the two sides have been in discussions this week, trying to work toward a new deal.

Despite a three-hour meeting Thursday, the NBA and its players could not close the enormous gap that remained in their positions. The CBA is expected to expire at midnight.

Hunter said the union made a "moderate" new financial proposal, but it wasn't enough to keep the two sides at the bargaining table.

"The gap is too great," Hunter said.

Hunter said the two sides plan to meet again in the next two to three weeks.

...


Dang. I knew the lockout was inevitable, but I had hoped the two sides would get a little closer before it happened.
 
If Utah weren't so hot in the summer, and I were in better shape, I'd say we should have some pick-up games...
 
Dear NBA,

I have found someone else. It's not me, it's you.

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Here's a good article by Larry Coon. https://sports.espn.go.com/nba/columns/story?columnist=coon_larry&page=NBAFinancials-110630

It's much more sympathetic to the players' point of view than most articles I've read. The single biggest item is that the owners are counting the cost of buying a franchise (done with loans) in the "operating costs" they are reporting. So, when they say that 22 of the 30 teams are losing money, that's including the cost of the loans. Which, in my opinion, it clearly shouldn't for this purpose.

That's not to say that the players have bent far enough... but this aspect of their position makes a lot more sense to me now.
 
The NBA P.U. did make another proposal today to the owners, but the owners thought it stunk.

Word is that the NBA P.U. will not decertify, probably because the stars and thier laps dogs want to control all the players and they fear some would rather walk than STAND. Decertifying would, among other things, give players an individual choice to accept a contract on the owners terms. Read what happened when Shane Battier asked Billy Hunter to go without pay durring the lock-out--the players are clearly fractured, and the lead dogs are using intimidation to keep the NBA P.U. together.

In other news, just when I thought I couldn't like him less, Raja Bell becomes the Jazz player rep and opens his mouth. Doesn't somebody check to see if the player rep is still a basketball player before he gets the job?
 
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colton said:
Here's a good article by Larry Coon. https://sports.espn.go.com/nba/columns/story?columnist=coon_larry&page=NBAFinancials-110630

It's much more sympathetic to the players' point of view than most articles I've read. The single biggest item is that the owners are counting the cost of buying a franchise (done with loans) in the "operating costs" they are reporting. So, when they say that 22 of the 30 teams are losing money, that's including the cost of the loans. Which, in my opinion, it clearly shouldn't for this purpose.

That's not to say that the players have bent far enough... but this aspect of their position makes a lot more sense to me now.
Click to expand...

I strongly suspect the other thing they're doing is counting depreciation of some fixed assets. For example, many NBA teams have an ownership stake in the building they play in. I wouldn't be shocked at all if they're counting the amount that the physical building decreases in value each year as an operating loss while not counting in other revenues the building creates (concerts, Disney events, rodeos, Monster Trucks, etc etc).
 
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