Blog Entry

Owners' full board to meet Saturday

Posted on: November 4, 2011 3:00 pm
Edited on: November 4, 2011 6:46 pm
NEW YORK -- NBA owners will convene for a meeting of the full Board of Governors Saturday morning, hours before a critical bargaining session with the players' association, a person familiar with the meeting told

A representative from each team will attend the 10 a.m. meeting in Manhattan, setting the stage for a resumption of talks with the players at 4 p.m. that could determine if the 2011-12 season can be saved.

After about 50 players participated in a conference call Thursday with an antitrust attorney to discuss the possibility of involuntary decertification of the National Basketball Players Asssociation, league negotiators are facing intense pressure from hardliners in the ownership ranks. The New York Times reported Friday that Charlotte owner Michael Jordan is leading a group of 10-14 owners who are vowing to vote against any agreement that gives the players more than 50 percent of basketball-related income (BRI).

It was Jordan who, during the 1998-99 lockout, famously stood up in a bargaiing session and chastised late owner Abe Pollin when he told him that if he can't make a profit, he should sell his team. Now on the other side as an owner, Jordan is siding with a group of owners who do not want to negotiate beyond a 50-50 split -- even though the players already have agreed to shift $1.2 billion to the owners over six years. The $200 million-a-year reduction from their previous share of 57 percent addresses the majority of the $300 million the owners say they are losing annually.

UPDATE: But according to two people briefed on the decertification call, opinions among players participating varied on how valid an option it would be. Some players, such as Ray Allen, participated simply to become informed about the antitrust options at the players' disposal, one of the people said.

The stage is set for a powder keg atmosphere at Saturday's bargaining session in which owners could be even more dug in after losing a month of games. It also is possible that the owners' position could harden simply based on the fact that they do not want to be perceived as capitulating to the decertification threats, which have been organized behind the union leadership's back.

UPDATE: A source from each side said only the full bargaining committees are expected at the afternoon negotiating session, but the list of attendees is fluid and could change. But learned that federal mediator George Cohen will, in fact, oversee Saturday's talks. 

Since: Aug 29, 2006
Posted on: November 8, 2011 5:58 pm

Owners' full board to meet Saturday

Are you the owners official message board troll or what?

"NBA players as a whole are sadly lacking in education, and are about to get some."

And who exactly is responsible for that? The owner hanging oodles of cash in front of the Sebastian Telfairs of the world? The adoring fans? Is it society as a whole?  

"go try to find a billionaire businessman WILLING to invest in a business that paid players over $2 Billion in salary, and lost $300 million, that wouldn't believe that salary was the primary problem. There ARE NONE."

Of course there are none. The OWNERS have created this mess that is not condicive to making a profit.
If your employer gave you a raise way beyond his means to pay, are you telling me that you would turn it down? To blame the players in this is ridiculous. 

Since: Mar 6, 2009
Posted on: November 6, 2011 5:00 pm

Owners' full board to meet Saturday

You are totally right I am a knicks fan so i do understand how jordan delivers. My point was he made 25 mill a year no one will ever make that much money in the nba ever. He did it 15 years ago. 25 mill per is like  35 mill now after inflation. He was the MAN I hated jordan Ewing oakley starks mason we all hated Jordan Cause he did delivered. But once he left the talent was so down it took the bulls 10 years to get back to respectability. Imagine if he had a player like magic on the bulls the way miami and most nba teams have a two headed monster. He would have won 10 as a player.

Since: Oct 16, 2011
Posted on: November 6, 2011 12:20 am

Owners' full board to meet Saturday

Couldnt agree more mrjama, The players have no investment in the nba financially so if the nba went bankrupt tomorrow the players would only lose money they were owed on their contracts and each owner would be out HUNDREDS of millions of dollars that they invested in buying their team. I just wish this lockout would end already!

Since: Nov 21, 2006
Posted on: November 5, 2011 6:52 pm

Owners' full board to meet Saturday

>> Players take all of the physical risk.

Physical risk?  Yes, the owners don't play, but there are other major risks involved besides just injuries.  Ask the Orioles who paid Albert Belle about $37 million to sit at home with a bad hip and watch TV, if Belle or the Orioles got the short end of that stick.

And let's not pretend that if a player gets injured that team just throws them out in the street and wishes them luck.  The players, whether they can play again or not, have all their medical bills covered by the team's insurance and get treated by some of the best doctors on the planet.

Since: Dec 3, 2006
Posted on: November 5, 2011 6:15 pm

Owners' full board to meet Saturday

The players are not simply employees, they are the talent, they are the product. Without the top players the NBA is nothing,  They deserve a good portion of the profits.  
That is the whole point.  If the players said they only want a portion of the profits, this would be over ina  second and the owners would jump all over it.  Heck, any boss would.  The problem is that the players want >50% of the income.  That means even if the owners lose lots of money, the players till get all of theirs.  That's because the players share none of the risk.  None.  It's not profit sharing.  It's income distribution.  A huge difference and few businesses can survive such a model.

Since: Dec 3, 2006
Posted on: November 5, 2011 6:11 pm

Owners' full board to meet Saturday

>> Players take all of the physical risk. 

When a player gets hurt it is the owner that gets the worst of it because the contract still must be paid, whether the player plays or not.  Plus, most smart players have injury insurance.  When a premier player gets hurt, the fans don't show up and the ratings drop.  And you think the players are at risk?  This is why the owners all hate guaranteed contracts.  Injuries hurt the owners far more than the players.

Since: Dec 3, 2006
Posted on: November 5, 2011 6:05 pm

Owners' full board to meet Saturday

<span class="Apple-style-span" style="color: #333333; font-family: arial, helvetica, sans-serif; font-size: 12px;">>>NBA players as a whole are sadly lacking in education, and are about to get some.   

Wow, Redsfan, I could not more, entire post dead on. 

Since: Aug 13, 2007
Posted on: November 5, 2011 5:54 pm

Owners' full board to meet Saturday

you are SO wrong about Jordan and the Bulls. Yes Jordan made huge money the last couple years of his carreer but he played for less than Scotty was being paid for the first three Championships. He told them to put some players around him so they could win. The big contract was payback for all the years he made around 3 mil when his salary went towards the cap. And the players around him were far from junk. Rodman, Kerr, Paxson, Grant, Hodges...All excellent role players who did their jobs very well. 'Cause if they didn't Jordan would kick their butts.

Since: Aug 22, 2006
Posted on: November 5, 2011 5:31 pm

Owners' full board to meet Saturday

I guess my main is, does anyone really care about the NBA? Football and Baseball are sports I can't live without, and I think thats something a majority of people would agree with. Basketball,however, really hasn't been very interesting for the last decade so I'm thinking the players should quit while they are ahead because really, no one cares if the season is canceled or not! I am not on either side really, I could care less, but i do know if the players don't start to negotiate soon, there will be no fans left so the profit they will be sharing may be more of a number percetage-wise, but it will be exponentially less as a raw-cash figure. You do the math, would you rather have 49% of the profit of a billion dollars, or 55 % of the profit of 500 million dollars??? Alot of people already don't care about basketball, so the players need to get on the court before they do more damage to a league that is already hurting!

Since: Apr 2, 2009
Posted on: November 5, 2011 4:14 pm

Owners' full board to meet Saturday

first off nba basketball is a freaking joke , shorten the season down, they spend the first 60 games jogging up and down the court and then start playing closer to playoffs. Like i have said in other postings, football, basketball and baseball salaries are way out of hand. Cut the salaries and owners profits and pass the savings on to the real person that deserves it THE FANS! afterall, if it wasn't for them you would have to get a real job, I love watching sports but won't pay to go see it because enough is never enough with these players or owners.GREEDY!thats all it is and all it ever will be!!!

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