The NBA Lockout: Here's What You Need to Know
The players want the NBA to be more like Major League Baseball. The owners want the NBA to be more like the NFL.Lucy Nicholson/Reuters
As if we didn't have enough labor crises already, the NBA has become the second major sports organization to enter a player lockout. Could 2012 be a year without basketball? ( Or football? ) We're here to guide you, step by step, through the squabble that could take down the $4 billion industry of professional hoops.
What's the NBA dispute about, in a nutshell?
The players want the NBA to be more like Major League Baseball. They want huge player salaries that are guaranteed to pay out, even if the player under-performs.
The owners want the NBA to be more like the NFL. They want smaller player salaries, more "revenue sharing," and the ability to let players go if they don't perform.
How did we get here?
The NBA expects to lose $300 million this season after losing more
Owners currently pay players about 57 percent of their gross team revenue. If they paid closer to 50 percent of the pie, they might be in the black. That's what this fight is about: Designing a system that allows teams to offer players competitive salaries without bankrupting smaller teams.
What's the difference between a "hard" and "soft" salary cap?
A salary cap is a spending limit on your players. The NFL has what's called a "hard" cap. There are very few exceptions
The NBA has
Most basketball teams spend above the cap. Boston, New York and the Los Angeles Lakers can spend more than $100 million, while Minnesota spends less than $50 million. Like major league baseball, teams that spend way above the cap pay a luxury tax that is redistributed throughout the league.
What do the owners want, and why?
The
Second, they want a hard cap.
Third, they
Fourth,
What do the players want, and why?
The players want more money, too. They want to keep guaranteed
The players union also wants revenue sharing to be part of the collective bargaining agreement so they
Will there be a 2011-2012 NBA season?
"The NBA lockout is going to be a lot more contentious and prolonged The Sports Law Professor blog.
"The owners in the NFL have the basic structure of the collective
Why has the looming NBA lockout received less attention than the NFL lockout?
Baseball Player Salaries - News
The players want the NBA to be more like Major League Baseball. They want huge player salaries that are guaranteed to pay out, even if the player under-performs. The owners want the NBA to be more like the NFL. They want smaller player salaries,
STARKVILLE — In a strong vote of confidence for John Cohen on and off the baseball field, Mississippi State extended the coach's contract Thursday. Cohen's new four-year contract includes a base salary of $262500, a bump from $250000.
At issue is a salary cap of $58 million. For those that might have forgotten or might be too young to remember, Major League Baseball players remained on strike for 232 days 16 years ago, causing the cancellation of about 2000 games and a lot of angry
Secondly, something I have never had to worry about as a player or coach was the cost of going to a game of football. Last Sunday, I went to a baseball game in San Francisco like any other fan. It was a real eye opener. It showed me how costly it can
"And once player development contracts came along, we would pay a certain amount toward player salaries with the Major League club paying the difference but every business changes, whether it's a hardware store, a restaurant, or a baseball club.
Baseball Statistics for Player Salaries
If you love baseball, you might also love statistics. I suppose analyzing players’ performance numbers gives spectators something to do during long at-bats. Very few other sports engage fans by providing scorecards, and learning how to score a game is like learning a language or a code.
I enjoy baseball, as much as a Mets fan can be said to “enjoy” the sport, but I’m not fanatic when it comes to sports statistics. Possibly more appropriate for Consumerism Commentary readers are the baseball statistics that pertain to salary rather than performance. Major League Baseball players, particularly the better ones, are able negotiate what seem like stratospheric salaries, with the assistance of agents. It’s easy to look at multi-million dollar salaries for what seems like an easy job and think that the players don’t deserve it. That’s even more the case when players don’t perform as expected. (Oliver Perez, are you reading this?)
A new website takes a look at the available salary data for Major League Baseball players and presents an analysis. On Thanks, Curt , you can review, based on the latest information publicly available, several different views of the data. The name of the website refers to Curt Flood, the player who in 1969 was on the forefront of free agency in baseball.
You can see the top salaries among all players, but more interestingly, the site calculates the players who are the best values. Each player receives a cost vs. performance score, which is the MLB player average salary divided by the player’s salary, multiplied by the player’s WAR (wins above replacement), a measure of overall performance.
Oliver Perez, mentioned above, is currently fourth on the list of worst value players.
Other statistics included are cheapest home runs and most expensive home runs, a simpler calculation that takes the player’s salary and total HR into account.
If you like baseball, personal finance, and statistics, you should find the data on Thanks, Curt interesting. Permutations of baseball statistics are limitless, and I expect that as the site matures, even more financial information and analysis will be available.
great and timely post flexo! as a fellow mets fan, i feel your pain. it has been a truly rough few seasons. as i type, they just lost the opener. i still think they will surprise a few people this season.
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