In a stunning turn of events that shocked no one besides viruses because they are not living organisms and aren’t concerned with such matters, the NBA owners and players union could not come to a new agreement before the deadline today. The players are now locked out and a long summer of uncertainty and rumors and arguments between millionaires and even bigger millionaires await.
Unlike the NFL and their labor crisis, the NBA is not a league in great shape where the biggest problem is how to divvy up the billions of dollars in profits. Coming off a record season in terms of TV ratings and overall fan interest, the thirty owners lost a collective $300 million this year. According to commissioner David Stern the league has lost money in every year of the latest collective bargaining agreement. The league had to purchase the New Orleans Hornets so they wouldn’t be moved. Make no mistake, while LeBron James and his crew of flunkies ignited one of the most exciting seasons in recent memory the league is in trouble. The majority of small market teams seem completely inept at competing in an unbalanced market while the Lakers and Mavericks seemingly run through any speed bump by throwing a barrel of cash at it. Continue reading