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It's been more than 100 days since the NBA lockout began and there is still no solution in sight. And now we won't even get the first two weeks of the season. NBA commissioner David Stern canceled the first two weeks of regulation play on Monday after the owners and players were unable to reach a new labor deal.
Confused on the issue? Let me walk you through it.
The owners of the NBA teams want more money. The NBA has set in place a soft cap for salaries which allows teams to spend a certain amount of money per year to pay their players. The owners are fighting for a hard cap and at least 50/50 split of revenues. The hard cap would include an $800 million dollar salary cut across the board for players. What are the players fighting for? The NBA players are fighting for the continuation of the soft-cap which currently gives them 57% of revenues and around $2.1 billion in salaries.
With the cancellation of the first two weeks the owners are estimated to lose hundreds of millions of dollars while the players will lose around $350 million. This is a lose lose situation for the both sides and they hope it will teach the other side a lesson.
Who has the most to lose? The NBA in general. Fans are pissed off. They want to see games being played. And forgive me for saying this but everyone gets paid enough from the fans hard earned money. I mean without us, the fans, there would be no money to argue over. So get your shit together NBA we want to see some games.
Still confused? Shoot me your questions at firstname.lastname@example.org and I'll do my best to answer you.
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