NBA Lockout negotation discussions between the owners and players ended on Thursday without a deal, and no future talks are scheduled. Many involved had high hopes that serious progress would be made on Thursday, but talks ended with some sources saying it has never been worse between the two sides. David Stern missed Thursday’s talks, as he stayed home feeling sick. No word yet on if he was faking it.
The main obstacle holding up the talks is the percentage of revenue given to each side for basketball related revenue. The owners are holding firm at a 50/50 split, while the players want something in the neighborhood of 53% of basketball related revenue. With the sides so close in percentages, breaking off the talks with so much to lose by cancelling games…..this is “the most insanely idiotic thing I’ve ever heard.”
If you want my vote, the players have already given up a lot of revenue by coming down from the 57% they earned from the last labor agreement. They should get a little more of the pot, they are the product and are the reason for the revenue. Whatever ends up happening, the two sides are close enough RIGHT NOW where a deal should be made.
Whatever! I’m off to day dream about Larry Bird in the 1988 Three-Point contest!