Jun 21, 2011, 4:38 PM EST
If you were waiting to really worry about an NBA lockout, now is a good time.
Tuesday’s negotiation session — which NBA Commissioner David Stern had previously called key to avoiding a July 1 lockout — had both sides leaving and speaking in pessimistic tones. Chris Paul said this to Brian Smith of the Salt Lake Tribune (via twitter).
“We talked for a while. Both sides made moves, but we’re still very, very far apart on what we’re trying to get done.”
NBA Union Executive Director Billy Hunter was slightly more optimistic, and called a new proposal by the owners a ray of light in a very dark room. So if you’re looking for hope, that’s it.
The players are meeting again Thursday to go over the owners’ new proposal from Tuesday, then the two sides will meet again on Friday. But with nine days until a lockout there is a lot of room between the two sides.
Stern: Proposal also included “flex cap,” with a max that could be exceeded and a minimum….Stern says cap “target” is $62 million per team, with a max above that to allow for exceptions such as the Bird exception.”…. Stern on owners’ proposal: “It’s all out there. … I’m never saying final, final to anything other than we made our offer.
What you think of that depends on where you think the middle ground really is. For the owners, whose first proposal was a $45 million hard cap with no exceptions, this is a significant compromise.
But for the players, the new proposal is still a hard cap, and that is a sticking point. Right now there is a soft cap with a lot of exceptions, allowing teams to spend. While the players are willing to limit exceptions, they do not want a hard cap.
Make no mistake, this is a hard cap. While teams could go over the $62 million it would only be a little over according to reports (a few million to sign players). Deputy Commissioner Adam Silver said it was based in some degree on the NHL cap, but in that one if you go over the cap by a million to pay a bonus one season, the next season your team’s cap is $1 million lower. This is not a situation like now where the cap is $57 million but the Lakers are spending $90 million.
The union’s Hunter said that there was movement on the overall split of revenue between the sides — the Basketball Related Income (BRI). Adam Silver said they were moving closer to a 50/50 split (currently the players get 57 percent).
However, Hunter said they are still very far apart on how that money will be divided (or even where the split of BRI will be). Movement on the BRI is a start. Although Stern called it a “modest proposal.”
We are a long, long way from this being solved. There is going to be a lockout on July 1. But that ray of light into the negotiations is at least some hope that the two sides can find common ground before games are lost.
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