I love basketball and I watch or read about it more than anyone should. I will watch B level players and pay to do it. Now that the lockout is a reality I want to know how soon can the owners bring in replacement players. I don't care if I get to see Kobe or Lebron. I really wanted to see the Jazz this year play, but it can wait. It has to wait while the NBA gets control over its costs.
Here is what I believe:
1. This lockout will be long, at least the entire season. The players and owners position is too far apart and while the NFL is fighting over how to share profits, NBA teams are actually losing money. The NBA owns the Hornets. Golden State was recently sold for substantially less than thought. Detroit was sold for 100 million less than they could have 3 years ago. 22 teams are losing money (putting aside tricky accounting). The NBA is dealing with losses not profits. The NBA needs real give backs to make it work and the players are not willing to give hardly anything.
2. The players are wrong. First I don't think they understand the economic of the NBA and the new realities of this economy. Cost keep going up and yet they don't care. They want what they have become accustom to receiving. The players and the union leaders don't want to give back the substantial gains they got in the last CBA deal. The players actually think that because the rate of increase will not be the same as it has in past years they are losing money. The fact is the NBA says you are making great money, more than all other sports leagues, we just want to keep you salaries at these obscene current levels. The players truly believe they are entitled to a specific percentage of Basketball Related Income no matter what that is. My problem with this is the player partake in all the benefits of growth without experiencing any of the risk the owners took in buying the team.
3. The owners plan to cap salaries at 2.17 Billion for the next 10 years is fair. Its actually a slight increase in player salaries from this year but it gives the owners the ability to project their costs in the future.
4. If the players insistence on tying salaries to BRI will prevent a deal. If they have to have a percentage of revenue it should be closer to 45% rather than 54%.
5. Owners should be able to make millions of dollars each year on their investment.
6. I think people will watch replacement players.
7. I think the owners could break the union if they brought in replacement players.
So how soon can be get replacement players under the existing labor laws?
Here is what I believe:
1. This lockout will be long, at least the entire season. The players and owners position is too far apart and while the NFL is fighting over how to share profits, NBA teams are actually losing money. The NBA owns the Hornets. Golden State was recently sold for substantially less than thought. Detroit was sold for 100 million less than they could have 3 years ago. 22 teams are losing money (putting aside tricky accounting). The NBA is dealing with losses not profits. The NBA needs real give backs to make it work and the players are not willing to give hardly anything.
2. The players are wrong. First I don't think they understand the economic of the NBA and the new realities of this economy. Cost keep going up and yet they don't care. They want what they have become accustom to receiving. The players and the union leaders don't want to give back the substantial gains they got in the last CBA deal. The players actually think that because the rate of increase will not be the same as it has in past years they are losing money. The fact is the NBA says you are making great money, more than all other sports leagues, we just want to keep you salaries at these obscene current levels. The players truly believe they are entitled to a specific percentage of Basketball Related Income no matter what that is. My problem with this is the player partake in all the benefits of growth without experiencing any of the risk the owners took in buying the team.
3. The owners plan to cap salaries at 2.17 Billion for the next 10 years is fair. Its actually a slight increase in player salaries from this year but it gives the owners the ability to project their costs in the future.
4. If the players insistence on tying salaries to BRI will prevent a deal. If they have to have a percentage of revenue it should be closer to 45% rather than 54%.
5. Owners should be able to make millions of dollars each year on their investment.
6. I think people will watch replacement players.
7. I think the owners could break the union if they brought in replacement players.
So how soon can be get replacement players under the existing labor laws?