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NBA lockout officially announced in statement

Posted on: June 30, 2011 7:43 pm
Edited on: June 30, 2011 8:43 pm
 
The NBA officially announced that it would be locking out its players on Thursday afternoon. Posted by Ben Golliver. lockout-graphic

On Thursday afternoon, CBSSports.com's Ken Berger reported that representatives of the NBA owners had informed representatives of the National Basketball Players Association that the league would proceed with a lockout after negotiations for a new Collective Bargaining Agreement in New York proved unsuccessful.

Within hours, the NBA released an official statement on its website, confirming that a lockout will commence early Friday morning.

Here's the full text of the statement via NBA.com.
The National Basketball Association announced that it will commence a lockout of its players, effective at 12:01 am ET on July 1, until a new collective bargaining agreement is reached with the National Basketball Players Association.

"The expiring collective bargaining agreement created a broken system that produced huge financial losses for our teams," said NBA Deputy Commissioner Adam Silver. "We need a sustainable business model that allows all 30 teams to be able to compete for a championship, fairly compensates our players, and provides teams, if well-managed, with an opportunity to be profitable."

"We have made several proposals to the union, including a deal targeting $2 billion annually as the players' share -- an average of approximately $5 million per player that could increase along with league revenue growth," said Silver. "Elements of our proposal would also better align players' pay with performance."

"We will continue to make every effort to reach a new agreement that is fair and in the best interests of our teams, our players, our fans, and our game."

During the lockout, players will not receive their salaries; teams will not negotiate, sign or trade player contracts; players will not be able to use team facilities for any purpose; and teams will not conduct or facilitate any summer camps, exhibitions, practices, workouts, coaching sessions, or team meetings.
There's nothing groundbreaking in the five paragraph statement. The same themes that have been hammered on for months now are repeated: a broken financial system, aligning pay with performance and creating a better competitive environment for small-market teams.
Comments

Since: Aug 16, 2010
Posted on: July 2, 2011 12:19 am
 

NBA lockout officially announced in statement

I have a strange feeling this will go on for a while. Looks like there will be posturing on both sides. To me it seems the owners of the teams put in place a management team that spent their money on players and agreed to contracts that many were bad decisions and the players simply were not worth the money they were offered. Owners should look closer at their management team from President to Gm to coach. That should be where they focus first. I can't see players agreeing to a contract that has a cut clause in it or performance based at this time. It is not right to try to cut anyones salary under contract now, In the future if all the teams are only offering contracts like that then they will become the norm. For now however the NBA will have to deal with these out of line contracts or expect a long lockout. Like they say "may the buyer beware" Of course right now last years money is still in the bank. After time passes let's see how loss of income comes into play here. But we are talking billionaires and millionaires here. Us regular folks would only hold out for days or weeks before agreeing to anything to get back to work.



Since: May 5, 2011
Posted on: July 1, 2011 11:50 pm
 

NBA lockout officially announced in statement

I'm already fed up with the NFL and NBA.  Let's get MLB to join in the fun and go without professional sports for two or three years and then start from scratch.  In the grand scheme of life, these guys have to realize they are totally irrelevant.  They could go away tomorrow and it would have absolutely no impact on my life.  I would find another hobby and probably lead a more productive life.  So good riddance. 



Since: Jun 15, 2011
Posted on: July 1, 2011 7:49 pm
 

NBA lockout officially announced in statement

Just goes to show you how much of a business sports are these days, it's not even about going out there n having fun. I hope they get this resolved soon, I can't go on without an NBA seaosn lol



Since: Dec 3, 2009
Posted on: July 1, 2011 7:43 pm
 

NBA lockout officially announced in statement

@ewinter I actually agree with you 100% on this one.  It still baffles me that Arenas makes $20 million per season.  I still remember the day when they announced his contract on ESPN.  They need to get rid of guaranteed contracts just like they do in the NFL.  The NFL has a system that seems to be more sound then the NBA.  If a player is playing like crap after they've been PAID then the team should have the right to cut the contract due to lackluster performance.  I think the cap should be lowered as well but I don't think there should be a hard cap for competitive purposes.  In the last few years, the NBA has been picking it up in ratings.  We've seen the remergence of the Celtics with the signing of their big 3 and a rebirth of the classic L.A. vs. Boston series that many were reminded of in the 80's.  Miami has also become a major cow with Lebron James coming to Miami (although he's kind of an a$$, he's very marketable, this of course coming from a Heat fan says it all).  Let's face it, many like the game of basketball and guys like Kobe Bryant, Lebron James, Dirk Nowitzki, Dwayne Wade, etc. deserve the big money contracts.  If Kobe Bryant is playing in a game, who's seriously going to watch the Lakers? On the flip side, those owners that sign guys like Gilbert Arenas, Hedo Turkoglu, and others should be held accountable when it turns out to be a bad investment. Hence the reason for eliminating long-term and guaranteed contracts.  For god sake the Trailblazers just put an $8.8 million tender on Greg Oden, has the guy played more than 10 games in a season? Sounds like a pretty bad investment right there.



Since: Aug 25, 2006
Posted on: July 1, 2011 4:43 pm
 

NBA lockout officially announced in statement

im actually with the owners on this one.  if players didnt have guaranteed contracts they would play harder and teams would be more competetive.  hell games might even be watchable.  a lot of these players get a fat contract and quit playing.  that has been my main complaint with the nba and part of the reason why i quit watching.  you get a team stuck with these bloated long term contracts and are stuck with them.  can't cut them.  just look at the pacers for example the past five or six seasons, perfect example of why the system stinks.  take notes from the nfl, that's how they developed parity and an exciting product



Since: Apr 22, 2009
Posted on: July 1, 2011 1:04 pm
 

NBA lockout officially announced in statement

HAHAHA! Dear NBA players.  Please go to Europe, China, and where ever else people pay to see a basketball game. Your PRODUCT stinks!  I KNOW that as long as there is a LOCKOUT,  the mini chill, i mean Miami Heat WILLNOT win a championship!!  LOCKOUT RULES!  NBA players, start your own league and see how much you make a year!!  75% of current players would not be playing in the NBA only 20 years ago! 



Since: Mar 1, 2007
Posted on: July 1, 2011 12:52 pm
 

NBA lockout officially announced in statement

  Let the  football  and basketball players and owners  drop dead and both lose money.     I would like to see some of the players work real jobs.    I have seen some the NBA players shoot fouls and they wouldnt be able to throw trash into the back of a trash truck.



Since: Dec 3, 2009
Posted on: July 1, 2011 11:36 am
 

NBA lockout officially announced in statement

I read an article on ESPN by Wilbon that pointed out that the NBA had started to take the spotlight in some ways this year based on the ratings alone that the NBA was getting this year.  It was making a cut into pro football's sizeable lead and was setup for long-term success.  Obviously alot of this was based on the Big 3 in Miami and the hatred towards them.  The NBA will loose games this year, and possibly the season.  It's sad that both the owners and players are both in a stance that they're willing to lockout.  Unlike the NFL situation where both sides want to avoid a lockout from what it seems.  In retrospect, it seems like the owners and players are both striving for a loss season IMO.  It's a sad situation, I think the current system works fine,  and I think owners should be accountable for the bad investments they've made (i.e. the Magic for making Rashard Lewis the second highest player in the NBA).  But to say that the current system doesn't favor the smaller market teams are ludicrous, everyone abides by the same cap.  This past season we just watched the Mavs win the title and they're in no way comparable to larger markets such as L.A., NY, Chicago, etc.  The owners want more money, and unfortunately so do the players.  I favor with the players on this one, but that is if I had to take sides.  Most owners that come into position of owning a professional sports franchise are either A) Very intelligent with money and capitalized on a sound investment plan and struck luck. B) Were born into or came into money through a rather large trust fund.  Based on the fact that owners are complaining that they're loosing hundreds of millions of dollars leads me to believe that they're the former where they have no idea how to manage money.



Since: Jan 2, 2007
Posted on: July 1, 2011 11:33 am
 

NBA lockout officially announced in statement

Here's something to think about.  If the NBA season is cancelled (I won't say when -- I'd like to be a tad optimistic), how huge will the ratings be for the college basketball season?  ESPN & CBS should see their numbers skyrocket when they're the only game in town.  You think the CBS family of networks gets good ratings for the NCAA Tournament in March, wait until the numbers roll in for the season kick-offs and holiday tournaments in November and December pile up.



Since: Sep 5, 2008
Posted on: July 1, 2011 10:27 am
 

NBA lockout officially announced in statement

OK so let me get this right, every single NBA player has an individual contract with their respective teams for an amount of money they they think is fair and every other American in the country would die to have.  OK, so the lockout is in place, and personally I hope it stays that way for about three years, because the players want more of the "profit" that they say the owners are getting.  I saw today they wanted 49%.  So is this money in addition to their individual contracts?  How much is enough for these guys.  If you are making the money that you agreed it why do you care how much the owners are making?  Do you think for a moment that the owners of Target, WalMart, FoodCity, Krogers, Shell, Exxon, and any other company owner in the country aren't making a tremendous amount of money MORE than the cashiers, shelf stockers, clean up crews, truck drivers and those companies would fold with out them?  Fight for your individual contract and then shut the hell up about how much the owners are making and play you game.  When you retire, buy a Team and then pay all the players all the money in your profit margin and see how it feels.


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com