As we march inevitably toward a lockout this summer, Wednesday night was David Stern’s turn to throw an elbow.
One day after players’ union president Derek Fisher said the latest owner from the owners was no step forward, Stern responded with what he considers the bottom line in negotiations — the actual bottom line.
As in the league has to start making money, he told Steve Aschburner of NBA.com.
“We’re not going to lose any money,” Stern said. “I’m not going to be commissioner of a league that is comfortable [losing money]. Because I don’t have a group of owners who find it acceptable for me to have that conversation with them.
“You don’t have $4 billion worth of revenue and pay out over $2 billion in salary and benefits to lose money. It’s something that we have sort of gotten used to as the revenues have gone up … but the world has changed about the prospect for all franchises, the world has changed for a lot of reasons – and economically – and now people who make investments in buildings and things expect not to lose money.”
Nobody, not even the players, thinks the owners should have to lose money. But the issue is more complex — the league said before that 22 teams will lose a combined $300 million this year. But, the 8 teams making money have almost no revenue sharing. Put simply, the Lakers are about to make nearly $200 million a year in local television revenue and the Kings make $11 million and the Lakers do not have to share currently. It’s not a simple matter of just controlling costs.
But the owners have gone through a recession and seen revenues dip. More importantly, the value of franchises has dipped. Ten years ago you could count on the value of the franchise going up to cover any losses. (Think of it this way: If you bought a franchise for $100 million, lost $5 million a year for 10 years, then sold the team for $200 million, you would have made $50 million and those losses were really just an investment. Those days of the franchise value bailing owners out on paper are gone.)
The owners want fundamental changes to the system and Stern is clearly standing his ground. The players are pretty good with the system as is and are not moving right now either.
So, we are headed for a lockout. Enjoy these playoffs.
It was the moment that defined the 2018 NBA Finals.
The score was tied with 4.7 seconds left when George Hill missed his second of two free throws, but J.R. Smith made an impressive play to get the offensive rebound — then tried to dribble out the clock like the Cavaliers were ahead.
Now, you can own Smith’s Game 1 jersey — the one he was wearing when he made a play so thoughtless LeBron James broke his own hand punching a whiteboard in frustration over it. It’s available on the NBA auction site. The bidding goes on for three more days, until June 21.
As of Monday morning, the current bid is $3000.
A Warriors’ fan is going to buy this thing, not a Cavaliers fan. They are still trying to repress this memory.
Kevin Durant and his father didn’t have the best relationship growing up. Wayne Pratt, father of the Golden State Warriors star, left Durant and his family when the sharpshooting Finals MVP was just one year old.
Pratt was in and out of Durant’s life, and eventually they reconciled. Now, Pratt is important part of Durant’s career and business decisions.
As several players decided to celebrate their fathers and the national day of recognition on social media, it was actually Pratt who decided to write a letter to his son. In a post on The Undefeated, Pratt spoke about how he was grateful to have Durant as a son and to have reconciled with him.
Via The Undefeated:
I regret missing out on your first day of school, your first haircut, holidays and the first day you picked up a basketball. But I thank God daily for creating the opportunity for us to reconnect. I’m so thankful for you opening your heart at such a tender time. Every parent-child relationship has its ups and downs and we are no exception. I feel fortunate that we have learned how to successfully navigate life’s mistakes. Thank you for forgiving me and allowing us to have the great relationship we have today.
Go back and read the full letter, it’s worth it. Seeing the vulnerability between two grown men living a real, complicated, and adult situation like this is humanizing. Plus, it appears to have had a positive ending for Durant and his pops.
Hope all you dads out there had a good one on Sunday.
Shaquille O’Neal was a dominant NBA center, playing with the Orlando Magic, Los Angeles Lakers, and Miami Heat.
He was also a ring chaser.
At the end of his career, O’Neal decided to switch between teams, including the Phoenix Suns, Cleveland Cavaliers, and Boston Celtics. It was an open and futile effort to beat his rival and former Lakers teammate Kobe Bryant in number of championships won.
After they retired, O’Neal finished with four championships to Bryant’s five.
Now, as Cavaliers star LeBron James starts to wrap up his own career, Shaq says that James should not follow in his footsteps. Specifically, O’Neal said that he thinks LeBron’s story has already been written, and that he should not try to chase rings elsewhere.
“Somebody told me a long time ago — they said your book is already set [before the later stages of your career]. You can add index pages toward the end, but your book is already set. So LeBron’s book is already set,” O’Neal said. “He done already passed up legends; he done already made his mark — he has three rings
I think I tend to agree with O’Neal on this point. Specifically, because the only thing that LeBron could do to boost his resume would be to win multiple championships, consecutively, to close his career. He would need to surpass Michael Jordan at six rings, and approach Bill Russell with 11.
I don’t particularly think that LeBron is trying to ring chase. He’s just trying to get with one good team to close his career (or the Lakers). I don’t think we will ever see LeBron skip around from team to team the way that O’Neal did in the twilight of his playing career.
The 2017-18 NBA season is over, and the Golden State Warriors are champions once again. What that means the offseason is here, and for many fans that is the best time of the year. The summer in the NBA the past few years has given us some incredible stories. For many, this past postseason was rather boring, and the outcome was all but decided.
And so it is time to dig into our postseason favorites, starting with the 2018 NBA Draft. We here at Pro Basketball Talk would like to announce the start of our weekly mail bag, which will run each week on Wednesday mornings.
The first of mailbag will run this Wednesday, the day before the draft. Questions can be submitted via Twitter or by sending us an email directly at email@example.com.
The draft is obviously the big focus for many fans as we approach this next week, and much about the situation for many teams heading up into the event in Brooklyn is murky. If you have a burning question about the draft, now is the time to ask it.
Of course, you are encouraged to ask any kind of question you want to hear about from the Pro Basketball Talk crew such as:
- Where is LeBron going?
- Is a hotdog a sandwich?
- Has Nick Young put his shirt back on yet?
- Will Jordan Bell run out of Hennessy ever again?
- Where will Kawhi Leonard play next season?
All of these questions are fair game, and more.
We are looking forward to the kind of queries you need answered on a weekly basis as we roll through the summer in anticipation for the start of the 2018-19 NBA season.