Is the NBA headed for a lockout?
In a recent post, we discussed the possibility of the NFLPA "locking out" and not having an NFL season next year. Well, the NBA (National Basketball Association) may not be far behind.
The current NBA Collective Bargaining Agreement (CBA) is set to expire next summer. If a new CBA is not agreed upon, then NBA fans may not have a season next year. NBA owners are hoping to implement structured player salary caps, limit rookie pay scales, and decrease overall revenues owed to players.
The NBAPA (on behalf of the players) is pointing out recent record ticket sales, endorsement deals, and merchandise revenues and may oppose the owners on the above issues. Just as the NFL owners are financially preparing for a 2011 lockout, it is reported that so now are NBA owners. They are reportedly asking for extensions on loans and deferrment periods. The owners could be doing this in anticipation of the possibility that they might not have these revenue streams if there is no season. Likewise, the NBAPA is reportedly advising its members (players) to save their money and prepare to live off of what they've made in the past for next year. As mentioned in the NFL post, as next summer's deadline approaches and both sides are in a time crunch, expect negotiations to heat up.
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