Locked Out

I hoped the players and owners would reach an agreement an overt a NBA lockout, but  union chief Billy Hunter stated, “it’s obvious the lockout will happen tonight” and further stated “obviously, the clock is now running with regard to whether or not there will be a loss of games…” Commissioner David Stern also confirmed that he’s going to recommend a lockout.

Like most labor disputes, the disagreement centers on money.  The Association alleges it will lose $300 million this season and further contend that 22 of the 30 teams would lose money.  To minimize losses, the Association wants to institute a hard salary cap system with no exceptions, substantial reductions in length and amount of current and future contracts, and elimination of guaranteed contracts.

The players on the other hand, want a soft salary cap with exceptions that allows teams to retain free agents, an increased portion of basket related income, and maintaining the status quo on guaranteed contracts.  

If the owners are serious about restructuring existing contracts, i.e. lowering them and eliminating guaranteed contracts, then there probably won’t be a 2011-2012 NBA season because I don’t see the player’s union giving back money already promised to them.  Other issues allegedly include league revenue sharing and contraction.  I support revenue sharing; it keeps the league level and helps small markets stay competitive with the big markets.  I’m neutral about team contraction as long as their not talking about eliminating the Hawks.

I hope the parties can come to an agreement so games are missed.  Both parties will lose the public relations battle because very few people with sympathize with billionaires fighting with millionaires over the distribution of money.