Are owners, players closer than we think to a deal?

1 Comment

The conventional wisdom — based on the words out of the mouths of David Stern, Billy Hunter and basically everyone who has been in on one of the NBA labor negotiations — is that the two sides are nowhere near a deal. They are finally getting serious about the negotiations, but the sides remain far apart.

Or are they?

Not according to Chris Sheridan — he formerly of ESPN and the Associated Press, one of the better league-wide reporters out there, who has started his own site sheridanhoops.com. (We wish him luck, he’s one of the good ones and you should be reading his stuff.)

Sheridan reports the two sides are closer than you think to a deal.

Yes, under the 10-year collective bargaining agreement the owners have proposed, the gap is indeed somewhere in the area of $7-8 billion range….

Moreover, if you look at years 1, 2 and 3 of the proposals, the sides are a total of $870 million apart. (The players are asking for $2.17 billion in salaries and benefits in 2011-12, $2.33 billion in ’12-13, and $2.42 billion in ’13-14. The owners are offering a flat $2 billion per year.) Or to put it another way, in a business that brought in $4.2 billion in revenues last season, the sides are only $170 million apart for next season….

But here is the key thing, the two most important words to keep in mind as this lockout plays itself out: Aggregate dollars. Right now, the owners have offered the players slightly more than $12 billion in total compensation over the next six seasons. The players are seeking just under $15 billion.

Somewhere in between $12 and $15 billion lies the settlement number, and they’ll get there one way or another.

I want to believe, but….

First off, that is still three billion dollars we are talking about, a healthy chunk of change by even Warren Buffett’s standards. Also, the owners last proposal decoupled league revenue and the salary cap — the players will not stand for that. The players know big television deals are coming and they want a cut.

The other real question to me is: Who is driving the bus on the owners side? Remember, David Stern works for the owners, he has a lot of power but he works at their discretion. There are some owners out there — small to middle market owners who leveraged themselves to buy these teams in the last decade — who want to radically change the economic landscape of the league right now. So far, the harsh rhetoric and the harsh proposals from Stern have been put out to placate those hard liners.

But how far can Stern come off that line? He’s not coming all the way to the players side, certainly. But how far can he come, and on what timeline can he make those steps? As Sheridan notes, issues like a hard-cap are tricky. Do you think the league — coming off a season of the best television ratings and fan interest since the Jordan era — wants a true hard cap that breaks up the Miami Heat? You may hate the Heat, but you watched them in very large numbers. Is breaking up that trio (or forcing the Lakers and Mavs to break up their teams, or squashing what the Knicks are trying to do in New York) really good for the business of the league? Do the smaller market owners care? Is this something where the transition to a harder cap (stiffer fines for going over a luxury tax number, which is the likely compromise) takes place over five to six years not two to three? And we haven’t even touched yet on getting the owners to agree on a revenue sharing deal.

The players are going to have to give up more than they have given up right now to get a deal done. Their best offer is not on the table yet. Neither is the owners. In that sense, there is room or optimism. But when those offers are down on the table, I’m not convinced the gap is as small as Sheridan suggests. Even if I want to believe he is right.

Heat forward James Johnson expected to miss 7 to 10 days

AP
Leave a comment

MIAMI (AP) The Miami Heat will be without starting forward James Johnson for at least two games and probably more after bursitis was found in his right ankle.

Johnson left Miami’s win over the Los Angeles Clippers on Saturday with ankle pain, and an MRI performed Sunday led to the bursitis diagnosis. Johnson is not traveling with the team for its trip for games at Atlanta on Monday and Boston on Wednesday.

The team says Johnson could miss seven to 10 days, which would also mean his status for home games against Dallas on Dec. 22, New Orleans on Dec. 23 and Orlando on Dec. 26 is in some doubt.

Johnson is averaging 10.9 points and 5.2 rebounds for the Heat this season.

LeBron James wears one black, one white LeBron 15 shoes with “Equality” on back (VIDEO)

1 Comment

LeBron James notched his third-straight triple-double on Sunday, this one coming against the Washington Wizards. But before the game, the story was all about how James was voicing a silent protest — in Washington D.C., no less — by wearing a special version of his shoes.

LeBron took to the floor wearing his LeBron 15s, but this player edition had the word “Equality” on the back of them. James wore one black shoe and one white shoe.

James wore the black versions of this shoe in the Cleveland Cavaliers’ opener to start the season.

Via Twitter:

LeBron finished the game with 20 points, 15 assists, and 12 rebounds. The Cavaliers beat the Wizards, 106-99.

Stephen Curry says he’d want in on potential Panthers ownership

Getty
3 Comments

The Carolina Panthers are up for sale. Owner Jerry Richardson said he would sell the team late on Sunday following an announcement by the NFL that Richardson was under investigation for “workplace misconduct”. The NFL’s investigation and Richardson’s decision to sell was preceded by a report from SI saying Richardson had paid out settlements amid sexual harassment and racial slur claims.

Enter Sean Combs and Stephen Curry.

Combs — that’s Diddy, you to and me — has previously voiced his interest in being involved with the NFL, and after seeing that Richardson would be selling the team, jumped at the chance to boost his profile. Combs tweeted that he wanted to buy the team, and that’s when Curry joined in.

Via Twitter:

Naturally, Curry is from Charlotte and went to both high school and eventually college in the area, playing at Davidson. He’s an avid Panthers fan and has been on the sideline for the team publicly many times over the years.

Curry being part of an ownership group for the Panthers would be pretty wild. Perhaps Charlotte Hornets owner Michael Jordan would like to join in? It seems like they would have the liquidity and credit availability between the three of them to get the team.

Then again, the asking price for the Panthers could be north of $2 billion. The last team to be sold was the Buffalo Bills in 2014 for $1.4 billion. In September, Forbes released a valuation for the Panthers that put them at $2.3 billion.

Might need to get a few others involved in this one.

Watch Raptors fans give Vince Carter a standing ovation in Toronto (VIDEO)

Twitter
Leave a comment

Vince Carter is 40 years old and playing in what could possibly be his final NBA season. The Sacramento Kings guard started his career with the Toronto Raptors, and on Sunday he played what could possibly be his final game at the Air Canada Centre.

And so, when Carter was subbed out late in the fourth quarter on Sunday, the folks in Toronto did what came naturally: they cheered.

The whole thing was pretty great to watch, and a real testament to how Carter is viewed by fans in Toronto.

Via Twitter:

Carter scored just four points in 25 minutes for Sacramento, going 2-of-5 from the field while adding three blocks, two assists, a rebound and a steal.

The Raptors got the win over the Kings, 108-93.