HANG TIME HEADQUARTERS — We’ve known all along that some sort of compromise was the only way to solve the NBA’s labor issue in time for the regular season to begin on time.
But all we’ve heard for weeks is that the sides were so far apart that an on-time start was little more than a pipe dream. Well, dream on folks. If the rumblings from Tuesday’s meetings in New York have any table scrap of truth to them, significant progress could be on the horizon.
We’ll temper our optimism with the full knowledge that nearly every sign of progress throughout this saga has been followed up with an equally devastating setback of some sort. But as the clock continues to tick away on the season, the fact that both sides have something to talk about is good enough for us … (especially with talks scheduled to resume today):
Sources: Owners Ease Up On Hard Cap Demand
Ken Berger of CBSSports.com: Owners have indicated a willingness to drop their insistence on a hard team salary cap in exchange for adjustments to the luxury tax system and key spending exceptions, two people with knowledge of the negotiations told CBSSports.com Tuesday night.
The offer by league negotiators came Tuesday in a brief, two-hour bargaining session that set the stage for what one source described as “an important day” on Wednesday.
“It’s put up or shut up time,” said the person, who is connected to the talks but spoke on condition of anonymity due to the sensitivity of the negotiations.
The flexibility in the owners’ longstanding insistence on a hard team-by-team cap, first reported by Yahoo Sports, comes with significant strings attached. Among the many concepts league negotiators proposed Tuesday were a more punitive luxury tax and adjustments to two key spending exceptions that teams had under previous agreements: the Larry Bird exception and the mid-level exception. Both would have been eliminated under the owners’ original proposal from two years ago, with many of those dramatic systemic changes living on in subsequent proposals until Tuesday.
There is a feeling among two people who have been briefed on the talks that the owners will come forward Wednesday with an enhanced version of the concepts proposed Tuesday. According to the sources, among the additions could be a proposed 50-50 revenue split, which to this point the league has not reached in terms of the players’ average share over the life of a new CBA in its previous proposals.
As for the system changes the owners proposed Tuesday in exchange for relaxing their stance on the hard team salary cap, one of the people briefed on the talks said union officials regarded them as “alarming.”
Still A Hard Cap … ?
Players Association executive director Billy Hunter has called the hard cap a “blood issue” for the union, and insisted the players would never agree to it.
The owners’ proposal on Tuesday “would still have the affects of a hard cap,” one source with knowledge of the talks said.