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NBA Releases CBA Press Release

Posted By Anthony Raia On Sep 22 2010 @ 7:46 pm In NBA | No Comments

Today, the NBA Players Union and theĀ  owners sat down for a three hour meeting and released a press release, including the following statements:

“The increased frequency of meetings can be interpreted as a positive step as both parties work to avoid the second work stoppage in league history. The threat of a lockout next summer will loom over negotiations throughout the season.

The key issue is the players’ percentage of league revenues, currently at 57 percent. NBA owners are pushing for a drastic reduction in that percentage in an attempt to overhaul the current economic system. NBA commissioner David Stern has said teams lost approximately $370 million last season. The union has flatly rejected that claim.

Contact lengths, guaranteed salaries, Bird rights and the salary caps are among the other topics on the table. Both the owners and players have submitted CBA proposals this year, though each has been rejected by the other side during previous meetings.”

The press release stats that the talks are constructive, but I cant see how that is possible when each sides demands are unrealistic. It seems to me that a lockout is more and more possible as the days move on.

via NBA.com [1]

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[1] via NBA.com: http://www.nba.com/2010/news/09/22/cba-meeting/index.html?ls=iref:nbahpt2

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