CBA meeting set for December

The league and the Players Association held another collective bargaining meeting today in New York. NBA commissioner David Stern, deputy commissioner Adam Silver, San Antonio Spurs owner Peter Holt, NBPA executive director Billy Hunter and union executive committee president Derek Fisher were among those who participated in the session.

League spokesman Michael Bass issued the following statement:

“We held another bargaining meeting today that included frank and direct dialogue that allowed us to discuss some key issues. We still have much work ahead of us and we agreed to meet again in December.”

A firm date wasn’t immediately available for the December meeting. The league and union previously had meetings in September, August and February during All-Star weekend.

6 Comments

  1. Max Trueblood says:

    I’ve posted my collective bargaining ideas on this blog before. Another idea came up and that’s one that would limit the MLE to not only teams below the lux tax threshold but to teams with less than 3 players making 25% of the cap or more. Limiting the MLE to teams under the lux tax limits the spending power of the Celtics, Magic and Lakers while limiting it to teams with less than 3 players making 25% or more of the cap limits the Heat AND puts a stop to all these other players and teams trying to create a new super team. If you can’t build up your team through spending the MLE, they will think twice before committing the majority of their payroll to 3 players.

  2. zed says:

    I agree with betoreis and hoopzah. Player’s salary is getting too high already, while the return of investments of owners is shrinking. Again, think of the smaller market teams. Of course teams like the Lakers, Miami, Celtics, etc. can recover the salary of their players, but what about the smaller market teams. Also, the discrepancy of the salary of the superstars versus the minimum wage of the players is getting too big.

    As a businessman, I know that on the average, 60% of the gross sales of the company (in this case teams) go to salaries and wages. The rest are divided to operating costs, overhead, rental (or maintenance of facilities), and whatever remains (the net) goes to the owners.

    I believe that the owners are still not yet loosing money (at least not all teams are), but the earnings are becoming too small to make it worth their investment. If you are businessman and you have a choice of owning a team to earn just 1 million (example only) a year, versus investing it in another business which could earn you 10 times more, where would you invest your money?

    A proof of this is the rampant change of ownership of teams. Some teams are even in the market looking for potential buyers. It means that owners want out already. Players should understand, that while they are the focal point of the business, they can’t take all of the share. If they do, the league will hurt and their source of income could be in danger.

    Even if smaller market teams don’t loose their franchise, they can’t compete with the higher market teams in terms of getting good players. Thus, they tend to sink further down. A non-competitive team (team that cannot win), can’t get a decent fan base to generate income.

    Profit sharing among teams has also been suggested. But then again, what team would want to do that? You invested in big name players, why shouldn’t you get all your earnings. Why should you give them away to other teams. That is exactly what the salary cap is about. Keeping it fair among teams, taxing the other teams that pay too high. An I assume the tax goes collectively to the league and to the other teams.

  3. betoreis says:

    Every businessman should have receive a fair return on their investment. Cut the big salaries from superstars like lebron, kobe and others and keep the minimum wage inaltered. The superstars make enough already from the leagueand sponsorships.

  4. hoopzah says:

    It’s kinda scary to imagine the league shutting down for one year because of salaries and stuff… I don’t understand how players can be so angry about salary cuts since a team’s budget is more than enough to pay off lots of countries’ debts and and financial problems. It’s just selfish from the players to not care about worldwide fans and stand up for getting the almost godly salaries that they have…

  5. Paulo says:

    Try to work it out soon! I agree with the players though, they are the ones sacrificing all their time and their bodies, so their pay should NOT go down. If they want more money, they should bump up the price on merchandising, jerseys, balls, headbands, sleeves etc. or they can reverse that and drop the price significantly so a lot more items will be purchased. But the players’ pay should no drop.

  6. jaymtl79 says:

    please work something out that is beneficial to both sides. I thingk the pie is big enough for everybody to get an equal piece. PLEASE no strike.