The NBA Players Association’s decision to reject the league’s most recent proposal to end the NBA lockout has sent the league, owners and players into a “nuclear winter.” The deal that was left on the table by the players offered a 50-50 split in basketball related revenue.
NBA Lockout: 10 Owners Urge David Stern To Remove 50-50 Revenue Offer
Now, 10 NBA team owners have sent a letter to commissioner David Stern encouraging him to offer much less the next time an offer is extended.
Owners for Indiana, Atlanta, Charlotte, Denver, Memphis, Milwaukee, Minnesota, Philadelphia, Portland and Sacramento said in the letter that they feel that a 50-50 revenue split represents a bad deal for the owners.
Each percentage point is said to be worth approximately $40 million annually. In the agreement that expired following the 2010-11 season, the players received 57 percent of basketball related revenue.
The revelation of this letter shows that this is more than just a two-sided fight. Each side has its own factions that demand to be appeased. Just in case you didn’t already think things looked bleak.
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