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Tag:David Stern
Posted on: June 14, 2011 9:49 pm
 

Owners, players still hundreds of millions apart


NEW YORK -- Top executives from the NBA and National Basketball Players Association convened for a small meeting with their top staff Tuesday to discuss collective bargaining proposals that were made in Miami and Dallas during the NBA Finals.

According to league spokesman Michael Bass, the meeting included commissioner David Stern, deputy commissioner Adam Silver, NBPA executive director Billy Hunter and the union's "in-house staff."

"We're not disclosing what was discussed in the meeting," Bass said.

A larger meeting including the owners' full labor relations committee and the players' executive committee is scheduled for Friday in Manhattan.

With the countdown under way to the expiration of the league's collective bargaining agreement on June 30, the two sides remain hundreds of millions of dollars apart, sources told CBSSports.com. The owners have twice offered to delay their vision of at least a 33 percent pay cut for the players, delivered through a hard salary cap with shorter and non-guaranteed contracts -- first through a two-year phase-in and then, in a verbal offer during the Finals, by adding at least one more year to "soften the landing," one of the people with knowledge of the talks said Tuesday. But once the phase-in period ends, the owners are still insistent on their original plan -- proposed in January 2010 -- to deduct approximately $900 million in expenses from the league's basketball-related income (BRI) and reduce the players' share of that from 57 percent to a 50-50 split, multiple sources told CBSSports.com.

Given that league revenues in 2009-10 -- the last season for which final numbers are available -- totaled about $3.6 billion, the players would get half of the $2.7 billion left after expenses, or $1.35 billion. That's $700 million less than the players' share under the current system, or a reduction of more than one-third.

Coming out of last week's full-scale bargaining session in Dallas, verbal proposals from both sides needed to be formalized in writing, and the union requested more extensive revenue projections from the league since the owners have proposed a 10-year CBA. After Stern expressed optimism following one of the bargaining sessions during the Finals, he said last week it would be a "challenge" to avoid a lockout. NBPA president Derek Fisher revealed the same day that there was "no change at all" in the owners' demands.

 
 
 
 
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