Those terrible NBA contracts are not why there is a lockout

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Eddy Curry made $11.2 million last season to do nothing. Gilbert Arenas made $17 million and as three more years on his deal left. Joe Johnson just got more money than LeBron James. And the list goes on and on — did Luke Walton earn $6 million last season?

It is easy to talk about economic dysfunction in the NBA and point to the horrific contracts that seem to be on every team’s roster and say “if the team had just not given out that contract we’d be fine and there wouldn’t need to be a lockout.”

Wrong.

Tim Donahue has been doing a great series of stories on the lockout details over at the Pacers blog Eight Points Nine Seconds. In the latest installment looks at the good and bad contracts around the league in fantastic detail — then reminds everyone that those contracts, while bad for the individual teams, do not change the overall picture.

The players get 57 percent of the basketball related income that comes in to the league. No matter what the owners do.

In 2010-2011, negotiated salaries totaled about $2.02 billion. If my lists above are reasonable, about 37% of that sum was tied up in bad or under-performing contracts. If you assume that only half of that 37% can be considered “wasted” money (because those players of course did offer some production), it means the owners threw away about $375 million in salaries.

Yet, they still had to write a check for $26 million to reach their 57% promise to the players. What this means is that if the owners had made none of their myriad mistakes, they would have realized a savings of … wait for it …

Zero dollars. Yep.

Had the owners been as smart and efficient as they possibly could have been when signing players it would not have provided any savings whatsoever. It merely would have resulted in a larger check being written to the players — even after the escrow payout — to fulfill the 57% of BRI that players are guaranteed under the system currently in place.

I don’t agree with everything Donahue says — he suggests this negates the idea the owners want to protect themselves from themselves with this new CBA. Actually, they do want that, but it is separate from the BRI argument. They want shorter contracts and non-guaranteed deals (or at least ones with buyouts on the back end of deals) so they can get out of terrible contracts they agree to. They want a “get out of jail free” card on those bad deals we all know about.

Also, the cost of players did not force owners to increase spending on non-player expenses at a rate that was faster than revenue growth.

Still, being smarter about contracts would not change the bottom line for a lot of teams. Whether they pay it out in bad contracts or a supplemental check at the end of the season, they’d be paying out 57 percent of the gross to the players either way. Which is why we keep saying to watch the BRI split numbers as the negotiations move forward. Everything else — hard cap, contract length, guaranteed deals — are a slave to the BRI (and how the BRI is defined, the players want to keep it gross revenue, the owners want some expenses removed from it). When that is solved, everything else falls into place fairly quickly.

They are a long way from agreeing on any of that. But at least they are going to talk in the next few weeks.

Phoenix council postpones vote on Suns arena renovation

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PHOENIX (AP) — The City Council has postponed a vote on a proposed $230 million renovation of the Talking Stick Resort Arena that would keep the Suns in downtown Phoenix.

The council agreed unanimously Wednesday to postpone a decision until Jan. 23 so residents can attend five public meetings to be held around Phoenix to discuss the project.

Suns owner Robert Sarver reportedly threatened to move the franchise to Seattle or Las Vegas if not given enough public funding.

Suns President and CEO Jason Rowley says the organization looks forward to the public discussions and to answering any questions about the proposed renovation.

The deal would revamp the nearly 30-year-old arena, the oldest in the NBA that is not currently being renovated.

The Suns agreed to a 40-year lease in 1992, but the deal included a provision for the team to opt out at 30 years.

Final minute of Celtics-Wizards featured five-possession, 10-point, no-stoppage stretch (video)

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Crunch time of a close NBA game is awesome.

It’s exponentially better when nobody calls timeout.

The Celtics and Wizards finished with a flourish tonight, Boston coming out ahead in a frenetic final minute. The last minute included two Kyrie Irving 3-pointers (one tightly contested, one extremely deep) and a sharp drive by John Wall (who had just returned to the game from an injury).

After a flow-killing foul in the final few seconds, the Celtics won, 130-25.

More games should be like this.

Jeremy Lamb hits game-winner despite Bismack Biyombo, others Hornets prematurely running on court to celebrate

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The Hornets sure were excited for Jeremy Lamb‘s game-winner against the Pistons tonight.

Too excited.

After Lamb hit a jumper to put Charlotte up two with 0.3 seconds left, several Hornets ran onto the court. Bismack Biyombo was nearly at halfcourt as Detroit tried to inbound! He was so far onto the court, I’m not even sure officials noticed him when dinging Malik Monk – closer to the bench –for the violation.

Ashley Holder:

The Pistons made a technical free throw to cut their deficit to one, but they still had to inbound from under their own basket. Their desperation pass was intercepted, and Charlotte held on for a 108-107 win.

Several Hornets were certainly relieved.

Crazily enough, this isn’t the first time we’ve seen this.

Suns’ T.J. Warren fined $15k for inappropriate language toward official following ejection (video)

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Everyone on the Suns seems frustrated.

In Phoenix’s loss to the Clippers on Monday, T.J. Warren got ejected. And his outburst will cost him extra.

NBA release:

Phoenix Suns forward T.J. Warren has been fined $15,000 for directing inappropriate language toward a game official following his ejection, it was announced today by Kiki VanDeWeghe, Executive Vice President, Basketball Operations.

This wasn’t a lengthy exchange. Warren didn’t linger on the court complaining. He must have said something extremely harsh to warrant two technical fouls and a fine that quickly.

(Despite confusion, the foul preceding the ejection was called on Deandre Ayton, not Warren.)