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Jackpot Soars Again
Two reports over the past week -- one by Frank Hughes of Sports Illustrated and a second appearing in Sports Business Daily (subscription required) -- suggest the coming formal proposal from NBA owners regarding the salary split in the league's new collective bargaining agreement could lop off as much as 20 percent from player payroll. Currently, players are guaranteed 57 percent of basketball-related revenue earned by the league. Hughes reports the owners are looking to lower that share to 45 percent.This season, that would have devoted roughly $1.4 billion to player salary instead of the $2 billion actually paid out, better than a 20 percent difference.
Given that revenue grew 2.5 percent last season and isn't expected to fall more than 5 percent this season, the league has tough sledding making its case. Salary growth has indeed outpaced revenue growth over the past decade, but not so much that the league can with a straight face argue that this is the vital fix. Obviously, there's no way teams are losing a combined $600 million a year, which is roughly what this split would save teams if instituted in revenue conditions similar to those of today.
CBA negotiations will be as much of a game as Lakers-Celtics, and obviously -- if the league actually presents the split rumored -- it will be a starting point. ESPN's Chris Sheridan talked to union president Derek Fisher of the Lakers, who beyond being a good face of the group is really sober in his statements about these things. Fisher makes it clear, if it wasn't already, that the union isn't giving up that much cash.
But the owners want to break the players, just as the NFL has over the years. We'll see how successful they'll be.
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