NBA Lock-out in full effect!
While everyone was sleeping, the NBA lock-out was going into full effect! With the NFL lock-out (day 108) concerns weighing heavy already, people didn’t notice that the NBA CBA was expiring. The Collective Bargaining Agreement expired at 12:01 a.m. this morning, Friday July 1! The players and owners are taking opposing views on the $3.5 to $4 Billion revenue split and team salary caps.
In the past CBA, the players has 57% of revenues, and the owners want to change that number substantially. The players (union) is willing to bend a little.
The owners want a hard cap (decrease the team’s allowable spending budget), and the players want a soft cap. The NBA has hit better and better numbers each year especially since the re-emergence of Kobe and the creation of the “Big 3” in Boston (supports a soft cap)! The Miami’s “Big 3” lends to a hard cap, though. The ‘new’ Heat brought overall increased fan interest, but lacks fair competition. In time, other teams suffer from accolades they may have won without “the decision”. The Toronto Raptor (Chris Bosh) community, and the Cleveland area (Lebron James) also endured sharp drops in revenue due to “the decision”. On a positive note, Check out Dwyane Wade comical tweets from early this morning!
“I’m available for all bar and bat mitzvah and weddings..but my specialty is balloon animals..”
“My strengths: work well with others..My weakness: I sometime get fatigue”