I think the union will pay right now for a huge error over the last decade. They're competing in just one country, but there's a global market out there. In theory, the union could announce next week that they are opening negotiations to send 200 players to Spain, Italy, France, Russia, Germany, Australia, Brazil, Greece -- maybe even England in advance of next summer's Olympics. But they will make no such announcement, as a group, because they are only in the business of dealing with one client, the NBA. But that doesn't mean players can't go overseas, and no one disputes NBA free agents (who will pay for being free agents now in their next, smaller deals) can head to play overseas right now if they want to. As for American players under contract, Larry Coon explains that if players want to play overseas,
they need a letter from USA basketball saying it's OK. Coon: "In order to play professionally overseas, FIBA (the organizing body for international basketball) requires a Letter of Clearance from the player's national organizing body. In the case of players from the United States, that's USA Basketball. The Letter of Clearance certifies that the player is free to sign a contract -- i.e., he has no other contractual obligations that would get in the way. An NBA contract is such a contractual obligation. Lockout or not, it's still an existing contract. So on the surface, an NBA player who's under contract would not be allowed to sign in any FIBA league. NBA free agents, on the other hand, can sign wherever they'd like. But here's the rub -- we're getting into uncharted territory. FIBA has never found itself in this position before. FIBA could decide to alter or suspend its rule requiring a Letter of Clearance, or allow contracts to be signed so long as they contain language that says the contract becomes null and void immediately if the NBA lockout ends. More likely, FIBA simply would stick to its existing rule, essentially punting the problem to the national organizing bodies. These bodies (such as USA Basketball) could decide to issue a Letter of Clearance notwithstanding the NBA lockout. Or they could issue a Letter of Clearance with a specific notation about the lockout -- essentially punting the problem right back to FIBA. Finally, the NBA players could take FIBA and/or the national organizing bodies to court. The ability to block players in a lockout has never been tested through litigation, and once they're there, anything can happen."