NBA players are definitely suited and ready… they’re however suited in ties and blazers and ready to begin the season amid labor negotiations. But if the recent announcement about the upcoming season is any indication where things are going for the NBA this playing year, then perhaps they need to remain suited, ready to discuss business.
The cancellation of the first two weeks of regular season play as well as all pre-season games is now the NBA’s first labor stoppage since the 1998-99 lockout, which resulted in a 50-game rather than 82-game regular-season schedule for the teams.
Commissioner David Stern met with board members for several hours on Sunday as well as Monday. The issues? the luxury tax, certain exceptions to exceeding a salary cap, player raises, length of contracts and the split of basketball-related income (BRI). It seems both sides cannot come to an agreement on much of anything at present.
“We had a sense we could get our way to an economic deal. The sides spent two days on the system issues. We just moved, it seems, further apart than getting closer,” Stern said to media outlets.
With the present cancellation of games, it leaves 100 regular-season games and about $325 million in BRI simply gone.
The NBA will therefore issue refunds plus 1% interest for season ticketholders for the entire preseason slate canceled and the first two weeks of the regular season.
So as it presently stands:
1. The first 2 weeks of season cancelled
2. There are no further meetings scheduled
3. Fans will be without basketball…hopefully temporarily.
After the cancellation was announced, Miami Heat guard Dwyane Wade took to Twitter and “re-tweeted”: “STERN’s “WORDS” 2day hurt the ppl who work at (American Airlines Arena), other arena’s, as well as local businesses &our fans. Those are the one’s who are affected by STERN’s “WORDS” 2day..its a Lockout-NOT a Strike.”
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