Thursday, September 29, 2011
The NBA Lockout
There are many questions about the NBA lockout, one of the biggest being "Why?". With a disagreement between players and owners of all 32 teams, the NBA season is closing in on its official cancellation. The basic idea of this lockout is that owners want to prevent paying their players a high salary over a 5 year span (Amare Stoudamire will make 100 million dollars over the next 5 years), but the players feel that if the league is cut to 30 teams and a shared revenue system, those types of ridiculous contracts can be made. The players are looking out for their own self interest, wanting to recieve as much money as they can get, which is understandable for any working person. Another big point in the lockout is that teams, such as the New Orleans Hornets and the Sacramento Kings, are not making enough revenue money to keep their franchises alive. The players and owners want a system where each team creates revenue and shares a bit of it with the league, keeping the money going and balanced. The New Orleans team is actually costing the league money because the NBA holds ownership to the team (costs money) and the team is not creating a positive amount of revenue. So, with that said, why not just end the franchise? The NBA is looking to do so, but at the cost of losing fans and an important franchise to NBA history.