NBA Owners and Players Close To Deal
Many sources are confirming today, that the NBA owners and players are close to striking a deal. Don’t get too excited however, as this does not mean they will be playing basketball anytime soon. There are still many issues that need to be worked out. Among them is, it looks like the NBA will have to re-do the entire schedule. It is now the NBA that will have to schedule around concerts and other events as many venues have started to line up their fall/winter concert schedules.
CBS Sports is reporting that the owners may be willing to accept a revenue split of 51.5-48.5 in favor or the players. As it stands now the owners final offer was a 50-50 split. The players union countered with a 53-47 split which was rebuffed by the owners. The owners have told the players that they are willing to attempt to squeeze in a full season if the players can strike a deal quickly. In other words, if the players accept the deal the owners are trying to pass, they will be able to recoup their lost paychecks while the owners have the security of having the next 10 years of the CBA in their favor.
If a deal is not struck this week, the new target date for starting the season would be December 1st. There is a lot of posturing going on by both the owners and players at this point. The players have not begun to lose their paychecks yet, and it would benefit the owners to continue to miss games rather than sign another poor CBA deal.
We heard many of the same things last week so do not put too much stock into this week’s meetings. What is becoming clear though, is that at some point this season there will be NBA games.
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Posted on October 26, 2011, in Sports and tagged Basketball, CBS Sports, Continental Basketball Association, David Stern, Lockout, National Basketball Association, NBA, Ownership, Season (sports), sports. Bookmark the permalink. 1 Comment.