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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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.