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with the league setting a record for overall revenue last season and "skyrocketing television ratings," "record attendance" and "ever increasing television rights deals" over the last six seasons.
When the union and owners struck a deal to end the lockout that delayed the start of the league's 1998-99 season, players were given barely more than 24 hours to review the owners' proposal and find their way to New York, where they had to be present to have their vote count in a show-of-hands format rather than by secret ballot, sources say. A total of 184 votes were recorded -- the deal was ratified 179-5 -- but that represented less than half the players eligible to vote.
The league circumvented the union and presented their proposal directly to the players for ratification, but did so with the threat that short of immediate approval, the entire season would be cancelled and the following season replacement players would be used instead.
The letter estimates that the owners' proposed combination of a reduced cut of basketball-related revenue, a 10-percent "claw back" on existing contracts and the 8 percent of each contract held in escrow and forfeited unless the players are paid less than their BRI cut means "each player will likely return 15 percent to 20 percent of his salary to owners at the end of each season."
The agents also suggest to their clients in the letter that they demand to see the complete financial records of the owners over the past six seasons -- the period covered by the last labor pact, which was essentially an extension of the one negotiated in 1999 -- including their "related entities (such as regional sports networks and arenas)."
Stern and Silver say neither party has made its last, best offer but expect it tomorrow when full committees meet.
Ya, media day would have been today, and training camp should have started tomorrow.So what are we, three weeks away from the start of the season?
*tick tock*
Hunting is for Neanderthals
I think less of you and look down you
According to Metta World Peace, the lockout is over. Sadly if it were literally anyone else associated with the NBA saying that I would be excited. Him......not so much
According to Metta World Peace, the lockout is over. Sadly if it were literally anyone else associated with the NBA saying that I would be excited. Him......not so much
The NBA finals in August would be sweet! Then we could start back up in October again. I'm down.