NBA Lockout Update

The day started so promising for NBA fans.  Word from inside the meetings was that everything was going well and sides were beginning to move.  Unfortunately, that sentiment did not last long.  Talks broke off between the owners and players after another a third consecutive day of meetings between the two sides.  The owners made their official offer of a 50-50 BRI split to the players however the players would not move below 52.5%.  Sources say that the players union presented a proposal to which would float the players between 50-53%.  The owners however, would not entertain the offer.  Their stance is that the owners will not move above 50% and at this point they do not want to hold another meeting until the players union accepts it.

In meeting with the press after the meeting Player Rep Derek Fisher took the gloves off for the first time.  Ficher stated “I want to make it clear that you guys were lied to earlier. Plain and simple.”  He also added “They’re interested in telling you one-sided stories that are not true.”

At this point it is safe to say that we are in store for the next round of cancellations.  Many people predicted before the lockout even began that there would not be much progress until some time in December.  The players are going over-seas, and the owners are not being forced to pay the huge contracts right now.  It needs to be pointed out that at the present time the owners and players are 3% away from each other.  If NBA were to cancels the next 2 weeks, players would have lost $400M. The difference in BRI is worth $800 million over 10 years!

Who do you think is more to blame in the lockout, the players or owners?  Let us know.  As always if you need tickets to any sporting event or concert check out www.biginthegame.com Don’t forget to use promo code: WordPress for a special discount for our readers.

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Posted on October 21, 2011, in Sports and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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