With the National Basketball Association’s collective bargaining agreement with the NBPA expiring on June 30, 2011, NBA Commissioner David Stern and National Basketball Players’ Association Executive Director Billy Hunter have reportedly been meeting face-to-face to negotiate terms for a new agreement. Allegedly, the two leaders met last week in Chicago, with staffers from both sides present, and are also set to talk this week in New York City.
The league sent a proposal to the PA last week wherein the owners seek $800 million in additional annual revenue from the players, as well as a hard salary cap. The leagues also stated that it is their goal is to find “a system in which all 30 teams can compete, and, if they are well-managed, to make a profit. We have never suggested to the union that there’s only one way to accomplish that end.”
The NBA’s proposal was declined by the NBPA with a union spokesman stating, “Unfortunately, the proposal is very similar to the proposal the league submitted over a year ago. This last proposal doesn’t look close to what we were expecting.”
The union has proposed a revenue deal similar to the one currently in place and has rejected any notion of a hard salary cap, claiming that such would effectively end guaranteed contracts – the lifeblood of professional basketball.
Both sides can agree that TV ratings are strong, and that ticket sales are up roughly one percent.
The NBA owners stated that if terms for a new collective bargaining agreement cannot be reached by the June 30, 2011 deadline, they would lock out the players.
Here we go again.