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.


Cooper said...

I agree with you and would go one step further as to say that why, IS the biggest question surrounding the lockout. Ending the franchise of the Hornets, would be a bad idea though. The league might have some problems solved but at the same time will cause a lot more problems that would become much more public. The league needs to find a differnet way to cope with the loses and keep the fans happy. Just cutting out multiple teams would make bigger issues than the league is prepared for.

chris cole said...

I agree, but the reason to cut teams out of the league is because those teams, such as the hornets, are causing the NBA (who now own the teams) to spend more money keeping their franchises alive than actually producing enough revenue to break even and generate a positive revenue that could help the current situation. But, I hope they don't cut the Hornets franchise because I love Chris Paul and the city of New Orleans loves the team as well, and a huge number of fans would be upset.