Ken Berger of CBS Sports reports that while no proposals were actually accepted or formally offered during Thursday’s set of NBA lockout talks in New York City, the owners did move on their revenue split desires. How far they moved remains unclear, but Berger cites sources who say that the gap between the players’ union and league on what share of total NBA revenue players ought to be due is shrinking.
Owners Proposed New Revenue Split In Thursday’s NBA Lockout Talks, Says Report
The owners’ number, one of the people familiar with the details said, represented a willingness to move off their most recent formal proposal to cap player salaries at $2 billion a year for the bulk of a 10-year proposal. So, do the math: Assuming 4 percent revenue growth next season to $3.95 billion, the owners’ $2 billion proposal represented roughly 50.5 percent of BRI for the players. If the players were willing to go down to, say, 53 percent with assurances that a soft cap would remain in place, that would be $2.094 billion -- leaving the two sides only $94 million apart in the first year of the deal.
The sides are due to meet next week, though bad news will come before them, as numerous reports suggest the NBA will cancel the first two weeks of the preseason schedule sometime Friday.
See More:
