The Official S2 NBA Lockout Thread!

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Stern: We had agreed all players previously under contract would receive money even if above BRI split (i.e. no rollbacks)
 
Stern: There were two or three open items left on the system issues. ... Then we turned to BRI.
 
Woj


Stern talking about league giving "concessions" on allowing NBA players to be paid under current contracts. Amazing.
 
Stern: I said that the NBA owners were willing to go to 50 percent on the percentage split of BRI.
 
Stern: Billy Hunter said he was not willing to go a pennny below 52. ... He closed up his book and walked out of the room.
 
Stern: It's not practical, possible or prudent to have a full season now. We held out that joint hope together.
 
Stern: There will not be a full NBA season under any circumstances.
 
KBergCBS: Stern: In order to have revenue sharing, you have to have profit.
 
Silver: In order to change the economic model that underpins this league, we had to reduce expenses across the board.
 
Stern says, "I don't know" if both sides are at bottom line.
 
Stern: I'm not going to project future negotiations or negotiate with you in the media.
 
Why aren't the sides still talking? Stern: "Billy left the room."
 
Stern: "The Mid-level exception at $5 million is a big concession by our owners."
 
Stern says league has moved to five year contracts for Bird FAs, four on non-Birds.
 
Stern: "We were at 47 but I wanted to reiterate that today our offer was 50."
 
Stern: We're going to have to recalculate how bad the damage is. The NBA next offer will reflect the extraordinary losses that are piling up
 
Stern essentially says: As the NBA loses more money with the cancellation of games, the players can expect owner's offers to get worse.
 
Stern: We were at 47 percent and despite the continuing losses to us we were prepared to go to 50 an settle this.
 
Stern: "I would say both sides are very badly damaged..There will be two severe sets of losses, but that's what happens in a labor dispute."
 
Stern: Not sure that anytime in the short run the owners will be able to make it back. Players probably never able to make the money back.
 
Union source counters Stern's view that talks ended b/c "Billy (Hunter) left the room": "Mutual acknowledgment that the meeting was over."
 
According to one team's research: If mid-level was cut for tax teams, NBA would save only $400M over 6-year period. (2005-'11 as sample).
 
In the big scheme, that isn't a great deal of money. Yet, the owners have hunkered down on the issue.
 
Woj


Sources briefed on the process expect next wave of cancellations to include games through the Christmas holidays.
 
HCP said:
In the big scheme, that isn't a great deal of money. Yet, the owners have hunkered down on the issue.
Click to expand...

No kidding. 400 mil over 6 years is 67mil/year, and ~2.3 mil per team per year. That's nothing.
 
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We had 6 of the 8 of the newly cancelled games in Novemer on the road. Not really sad about not playing those.
 
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Why is Fisher the President again? Lol.

He's one of the dumbest players on the Lakers.
 
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