NHL Season Cancelled

NBA to return $160 million in escrow money to players

1 Comment

In the one move since the start of the NBA lockout, the NBA announced Tuesday that it is going to give the players back money they already earned.

It’s a good thing in terms of thawing the ice, but it’s not going to really change things. As for what happened… this is going to take some explaining. Bear with me.

You know how as part of the last Collective Bargaining Agreement the players got 57 percent of the league’s gross revenues? Well, how they insured it was exactly that amount the players received was by putting eight percent of every NBA’s players check into an escrow fund. Then at the end of the season money in that fund was returned to the players (in the proportion they put in) to get the overall number to 57 percent. Some years the players got some of it back, some years none.

In the NBA owners first new CBA proposal to the players, one of the ideas was for the owners to keep all of the escrow money from last season, about $160 million. You might imagine how well that went over with the players, who felt they were owed that money under the old CBA. (Overall league revenue was up and salaries were down last season, so the full amount was due back the players).

The league has backed off that and will return the money, according to NBA.com.

That cash could ease or delay the point at which some players begin to feel financial hardship from the lockout. Based on the “average” NBA salary of $5.7 million, the escrow rebate would be worth $456,000. A minimum-salaried player ($473,604) would be due $37,888 while a $16 million superstar could expect $1.28 million coming back.

Not returning the money was a big non-starter for the players union, so just the fact they are getting it back should help move the next conversation off the old deal and on to the next deal. Of course, David Stern will call this a concession and expect one in return from the players, while the union will say this has nothing to do with the new CBA because this is money they had already earned under the old deal.

Basically, this is not moving the sides closer to a new CBA deal as the players want the status quo and owners continue to ask for a dramatic change from the old system. This could remove one stumbling block, but it also gives players more money, which means some may be able to hold out longer before the union buckles.

Maybe a month from now the two sides will start to have meaningful talks. For now we have this action and no talks.

What championship hangover? Cavaliers rout Knicks on ring night in Cleveland.

CLEVELAND, OH - OCTOBER 25:  LeBron James #23 of the Cleveland Cavaliers finishes off a fast break with a dunk in the third quarter as Carmelo Anthony #7 of the New York Knicks watches on October 25, 2016 at Quicken Loans Arena in Cleveland, Ohio. Cleveland defeated New York 117-88. 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 Jamie Sabau/Getty Images)
Getty Images
1 Comment

There’s a good reason LeBron James has been to six straight NBA Finals. It’s not all about his incredible physical gifts. It’s not about the quality of his teammates.

It’s about will.

On a night when a lot of teams play like their hungover — the night they get their championship rings and a banner is raised to the rafters — LeBron played harder than anyone and pulled his team along.

LeBron had a triple-double — 19 points, 14 assists, 11 rebounds — and led the Cavaliers to an easy win over the Knicks, 117-86. Kyrie Irving had 29 points — 19 in the third — and Kevin Love added 23 in the win.

But mostly it was the Cavaliers’ offense getting whatever shot it wanted and the Knicks watching dunks from up close.


Over the course of this season, these Knicks will evolve into something better than they showed opening night. No Derrick Rose (trial) and no Joakim Noah (injury) meant the Knicks starting five didn’t have a lot of cohesion and chemistry from the start.

After a sluggish first five minutes by both teams — they were a combined 6-of-22 shooting to open the game — the Cavaliers slowly started to create a little space behind 10 first quarter points from Love. That lead really started to grow as the Knicks bench came in and went 0-of-6 shooting to end the quarter, with Brandon Jennings making questionable decisions. Tack on seven Knick turnovers and the first and they were down 10 after 12 minutes.

The Cavs were in control through much of the second quarter until the Knicks went on a 10-0 run to make it a game again. It was Derrick Rose and Carmelo Anthony driving the team — they shot a combined 12-of-20 in the first half, the rest of the Knicks were 5-of-23. It was 48-45 Cavaliers at the break.

In the third quarter the Cavaliers starters cranked it up behind Kyrie Irving and tighter defense — the third quarter saw Kyrie Irving with 19 points and the entire Knicks team with 19. It was 82-64 Cavs after three and the celebration was on.

Kristaps Porzingis showed some moments but his 16 points came on 5-of-13 shooting. Anthony had 19 points on 18 shots. Rose had 17 points but four turnovers and one assist. Brandon Jennings came off the bench to shoot 1-of-7. It was not their best night.

For the Cavs, it was one to remember — the first banner in 52 years went up.

Did we mention LeBron James was dunking all over Knicks? Watch for yourself.


LeBron James isn’t the only story out of the NBA season opener — Kyrie Irving had 29 points, Kevin Love had 23, Carmelo Anthony and Derrick Rose were shotmaking.

But mostly, LeBron James was dunking. And racking up a triple-double (19 points, 14 assists, 11 rebounds). But mostly just dunking. Like you see above. Or there is this alley-oop.


Or, there was this putback throwdown.

And we can throw in a block on Courtney Lee just for fun.

Cavaliers moving ball, LeBron James dunking in season opener

CLEVELAND, OH - OCTOBER 25:  LeBron James #23 of the Cleveland Cavaliers looks on in the first quarter against the New York Knicks at Quicken Loans Arena on October 25, 2016 in Cleveland, Ohio.  (Photo by Ezra Shaw/Getty Images)
Getty Images
Leave a comment

The Cavaliers were not in mid-season form on opening night — they started the game 3-of-12 from the floor and were 4-of-21 from three in the first half.

But they were showing flashes.

Like the LeBron James dunk above. Or this stretch of ball movement below.

The Cavaliers led the Knicks 48-45 at the half.

Watch LeBron James’ speech after getting his ring in Cleveland


“At this point, if you’re not from here, live here, play here, dedicate yourself to Cleveland, then it makes no sense for you to live at this point — Cleveland against the world!”

And with that, the Q went nuts.

LeBron James and the Cavaliers got their rings and raised a banner in Cleveland — the first title banner in that city in 52 seasons (although the Indians are trying to have their say on the matter across the street). It was emotional for everyone in the building, and particularly the hometown boy LeBron.

Check out the full ring ceremony.