Good news for all basketball fans as both sides, from the NBA owners and NBA players, appear to be headed for a no lockout situation when the current NBA Collective Bargaining Agreement (CBA) expires later this year.
ESPN’s Zach Lowe, who describes himself as a “Lockout Optimist for years” said in a recent column that he sees all NBA stakeholders agreeing immediately to an extension or approval of a new CBA because too much money is involved.
“Both the league and the players’ union can opt out of the current collective bargaining agreement on Dec. 15 — step one toward a lockout (or strike) when the league’s fiscal year ends on July 1,” Lowe wrote.
“As recently as two weeks ago, I would have predicted that one or both would opt out — but that they would hammer out a new CBA long before that July 1 doomsday date. Now, there might be a 50/50 chance they wrap things before the opt-out date — and a longer shot at announcing a deal before the season even starts, per sources across the spectrum.”
There were four previous NBA lockouts in the history of the league. In 1995 for just three months, 1996 (two hours), 1998-99 (six months) and 2011 (eight months). The final two in 1999 and 2011 caused shortened seasons the following NBA year.
Among the contentions in the lockout or strike, is the distribution of the basketball related income (BRI). The lockout ended when both sides agreed to an almost 50-50 split on the basketball revenue.
The latest news that the players and owners are nearer to an agreement than an NBA lockout is good for basketball fans, who don’t want to suffer the 2011 lockout experience again when they missed the NBA for almost a year.
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