Finally we have some good NBA News: the 2011-2012 NBA Season officially starts December 25th, Christmas Day, with a tripple-header: the Boston Celtics v. The New York Knicks, The Miami Heat v. The Dallas Mavericks, and The Chicago Bulls visiting The LA Lakers. An exciting set of matchups to kick-off what will be a shortened, 66-game (rather than 82-game) NBA season.
And now we can take a brief look at the new NBA Collective Bargaining Agreement.
While the website of the NBA has the details, the basics are that the revenue is split 50-50 between players and owners, the Salary Cap is maintained at $58 million per team, but 85 percent of that must be spent on existing players rather than 75 percent as in years past. Players sustain a 12 percent cut in revenue, but no decrease in individual current salaries.
What Took So Long
As this blogger states in the video, it’s shameful to spend 149 days haggling over who’s more important between players and owners, only to come to the kind of agreement the two sides should have had one week out of the start of negotiations.
Overall, the NBA has sendt a terrible message of incredible greed at just the time when such behavior’s under attack from American society.