Stern using economy as hammer: $400 million in losses

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Thumbnail image for stern ASW.jpgWhy did the owners submit the first proposal in the new Collective Bargaining Negotiations a full 18 months out from when the current deal ends? (That’s providing the owners opt out of the deal by the end of the year, which they will.)

Because they want to negotiate right now. Today. In this economy. Because this is the best time to say players are overpaid and get the public to agree with you.

People may not be feeling it on the ground yet, but economists say the economy is starting to turn around. It won’t be fast, but things should get better over the next couple of years, they say.

The owners see today’s economy, and how it has hurt their bottom lines, as the chance to really change the CBA. They want a larger share — 57% of Basketball Related Income went to the players last year — of a shrinking pie. If things are getting better, their negotiation position weakens.

David Stern, during his state of the NBA speech All-Star Weekend, threw out that league teams are going to lose $400 million this year. It is expected that the majority of teams will lose money. For the owners now is the time to negotiate, and Stern said as much.

“We had assured the players that we would deliver a proposal that was one that would lead to that sustainable business model [during this economy]…” Stern said. “Our response is you can denounce it, tear it up, you can burn it, you can jump up and down on it, as long as you understand that it reflects the financial realities of where we are…. We have shown the players the facts, and, at our current level of revenue devoted to players’ salaries, it’s too high. I can run from that, but I can’t hide from that. And I don’t think the players can, either.”

Henry Abbott at TrueHoop nailed the fact that Stern had to walk a fine line at that press conference. Stern talked about how gate receipts are better than expected (down about two percent league wide) and that the league is growing internationally. See what a great job we’re doing? Oh, by the way we’re losing boatloads of money and the players are overpaid.

The players see this, too. They also see the economy and should realize on some level that they will have to give back a little in these negotiations. But they want these talks to drag out, they want to negotiate in the economy of next year, not this one.

Briante Weber goes from Warriors to Hornets, signs 10-day contract with Charlotte

BOSTON, MA - APRIL 13: Briante Weber #12 of the Miami Heat looks on during a timeout against the Boston Celtics at TD Garden on April 13, 2016 in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Mike Lawrie/Getty Images)
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Backup point guard Briante Weber has signed a 10-day contract with the Charlotte Hornets. This comes after Weber signed two 10-day contracts with the Golden State Warriors earlier in the season. News of the signing was first reported by Yahoo! Sports.

Weber, 24, played his college games at VCU and in his work this season for Golden State was somewhat disappointing. In seven games, Weber put up 1.7 points, 0.7 assists, 0.6 rebounds, and 0.4 steals per-game. His advanced numbers tell a more complete story, where his box plus/minus was -6.1.

Charlotte will look to use Weber in a backup role to Kemba Walker. Ramon Sessions had been playing rotation player minutes for the Hornets until early February when he suffered a left knee injury that could keep him out up to six weeks.

Stephen Curry assist wins Warriors fan $5,000

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Stephen Curry wasn’t just setting up teammates Saturday night, he was helping out a fan.

One of the Warriors in-game entertainment bits is to have basically adult skeeball for cash. One female fan was doing about as well as I do at arcade skeeball when Stephen Curry ran out to give her a little help and win her $5,000.

The Warriors went on to beat the Nets and clinch a playoff slot with the win.

Paul George ejected for arguing calls, Pacers go on to lose to Heat

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Paul George already had one technical in the game (from a double technical situation), when he thought he was fouled and should have gotten a call fairly early in the third quarter of a tight Pacers game against the Heat.

George apparently wouldn’t let up barking at the referees, maybe said some magical words, but whatever happened the officials hit him with a second technical. He was tossed. You can see the reaction above.

The Pacers hung close in the game until the Heat went on a 21-4 run to open the fourth and that was the ballgame. If you’re the undisputed leader of your team — as George is — you just can’t get tossed for things like this.

Warriors first team to clinch playoff slot with win over Nets

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OAKLAND, Calif. (AP) — Stephen Curry scored 27 points on a night Kevin Durant missed his first game of the season with a hand injury, and the Golden State Warriors beat the Brooklyn Nets 112-95 on Saturday to clinch a playoff berth.

Klay Thompson added 24 points. Curry converted a four-point play just before halftime to put his team up 62-51 at the break. The two-time reigning MVP had five 3-pointers and five assists.

This is just a first step for these star-studded, NBA-best Warriors (49-9): They want the No. 1 seed in the West. Oh, and a championship.

Durant sat out with a bruised left hand. He injured his pinkie in the first quarter of a 123-113 win over the Los Angeles Clippers on Thursday night, and X-rays were negative. He practiced Friday with his left hand heavily taped and still had some discomfort Saturday.

Rondae Hollis-Jefferson scored 16 points in the Nets’ 16th straight defeat.