Micky Arison was supposed to be one of he doves. He took a $500,000 fine for tweeting he was not one of the hardline owners.
He was one of the owners who wanted to make a deal and get back to basketball. Or so we thought. Then comes this note:
Heat owner Micky Arison is revealing that he cast a ballot against passing the NBA’s new collective bargaining agreement.
Arison says it was “a protest vote” primarily in response to the way revenue-sharing components of the deal will be structured….
Arison declined to say if he would have cast the “no” vote if the CBA wasn’t already assured of passage. Enough votes to pass were already secured by the time Miami made its selection.
So Arison and Mavs owner Mark Cuban are two of the 5 no votes. Big market owners whose teams played in the finals. Interesting.
There was a whole lot about the NBA lockout that was really about LeBron James. About who has the power, the owners or players.
But some things are more specific than others. Like this note from the Sports Business Journal (via Eye on Basketball).
NBA players are now prohibited from holding an ownership stake in a player-management firm or from acting as National Basketball Players Association-certified agents under a provision in the league’s new collective-bargaining agreement.
The provision was something NBA owners asked for and players agreed to as one of the so-called B-list items, terms that were collectively bargained after the NBPA re-formed as a union, according to a union source.
This is very directly aimed at LeBron James and his marketing arm LRMR, the marketing firm he and his buddies founded, which last year merged with the Fenway Sports Group. Neither LRMR nor Fenway represent any players in terms of negotiations — they are marketing arms, not agents — but that line is kind of blurred for players now (agents help set up marketing deals all the time) so the owners decided to try and rein it in.
And we have a “LeBron James rule” that tries to limit players power and potential income, something that comes at the request of the owners. Sounds about right.
In all the excitement over Chris Paul going to the Lakers Chris Paul staying with the New Orleans Hornets, one little thing happened on Thursday not many people noticed:
The players and owners approved the new NBA labor deal. It is in place and training camps are set to open Friday (even if not everyone is going to show up).
“I am pleased to announce that we have concluded the collective bargaining process and have reached an agreement that addresses many significant issues that were challenges to our league,” said NBA Commissioner David Stern in a released statement. “This collective bargaining agreement will help us move toward a better business model, a more competitive league and better alignment between compensation and performance.”
Just as a reminder, here are your highlights:
• This is a 10-year deal but both sides can opt out after six.
• League revenues (basketball related income) will be split 50/50 between owners and players (well, after the owners take a few hundred million off the top for “expenses,” with the players able to get up to 51 percent of the BRI if the league exceeds projections. This will save owners about $300 million a year compared to the old labor deal.
• There is a soft salary cap, however there are fewer exceptions that allow teams to exceed it than there were in the previous deal.
• Player contracts are up to four years if teams are signing a free agent, five years if teams are re-signing with the same team (Bird rights). Teams can also give larger raises when their ign their own.
• There will be a more stiff luxury tax for owners who exceed the tax threshold. However, it does not start for two years.
• There will be increased drug testing of players.