There is no NBA labor deal yet.
And a source has told PBT there is still a healthy gap between the NBA owners and players on key issues.
But there appears to be a real push and commitment from both sides to try and get a deal done this weekend, and that’s a huge leap forward from a month ago.
NBA owners and players union representatives — including a number of big name players such as LeBron James, Dwyane Wade, Carmelo Anthony and Kevin Durant — met for nearly five hours in midtown New York Friday and will be back at it Saturday morning. Here is a quote from union president Derek Fisher, via Ken Berger of CBSSports.com.
“We did not come out of here with a deal today, but we will be back here at 10 a.m.”
David Stern echoed that, saying “both sides expressed a willingness to make a deal” (again via Berger tweets). He said it was good to have owners and players in the room together to hear each others perspectives. However, he added that once regular season games are lost both sides are likely to harden their positions and it may be harder to reach an agreement.
If a deal is not reached this weekend or by the first part of next week, the start of the NBA season will have to be postponed. There would not be enough time to finalize the deal, have a free agency period, truncated training camps and exhibition games, and still start on Nov. 1.
Fisher told reporters that the talks were wide ranging, at time contentious and “engaging.” No formal proposals have been exchanged and neither side would say that a deal could be reached this weekend. Fisher also said that he’s not sure they are any closer to a deal now than they were when talks ended on Wednesday.
The main issue has been how to both define and split “basketball related income.” The players got 57 percent in the old labor deal and have formally offered to go down to 54 percent, with hints they would go even lower. The owners highest offer was reportedly to give the players 48 percent. Then there are issues of what kind of restrictions — how many exceptions and how steep a luxury tax — there would be on any salary structure for players. The two sides remain fairly far apart on these issues.
Stern did say that the owners seem to have come to some level of agreement on a new revenue sharing plan. It would start with nearly three times the current revenue sharing levels and would go up to four times last year’s $60 million in four years.
The good news takeaway is that the two sides seem to be working hard to make a deal. Multiple reporters and others with knowledge of the talks described “spirit of cooperation” and said both sides seemed serious about making a deal. There were reports that even hardline owners were now looking for a way to find common ground.
Is that going to be enough? Who knows? But there seems to be a real effort going on, and that’s where any deal starts.