Jan 28, 2013, 5:05 PM EDT
Like a lot of news programs, National Public Radio has taken to trying to explain the complexities of the economy to people like me with a new segment — Planet Money — that breaks it all down into layman’s terms.
“He’s getting hosed,” says Kevin Grier, an economist from the University of Oklahoma…
Now all (the rules of the salary cap and maximum salaries) are all laid out in the collective bargaining agreement between the owners and the players. Why would the players want this system? Because most players are not LeBron James.
“The union votes on the contract by majority rule,” Grier says. “The guy in the middle is the crucial voter.”
The salary cap means that some of the money that would otherwise go to James goes to the guy in the middle.
He then goes on to talk about how the salary cap and luxury tax make it possible for Oklahoma City or even a medium market like Miami to have a title contender. Otherwise, the Lakers and Knicks could just go Yankees on the league and guy everyone good up. Even with the cap there are times it feels like they do (because they are willing to pay a tax others are not).
It should be noted LeBron with endorsements, LeBron is making $57.6 million this year, according to Forbes.
This is a lot of stuff we talked about during the lockout — if you really wanted to kill off “super teams” you would remove the max salary but leave the cap and tax in pace. Someone like LeBron would draw $40 million a year — not just because what he does on the court but because what he means for ticket sales, sponsorships in the arena, regional television revenue and more. At that price you couldn’t pair superstars.
Of course, is that what fans really want? Some say yes but ratings say no — we watch the super teams.
But I don’t think you’ll see a dramatic change in the salary structure in the NBA in the near future. As the economy picks up and revenue starts increasing (as it is this year) I think there will be a balance and a desire on both the part of the owners and the players to not go through another lockout. At least I hope they look at hockey and think so.
Apr 16, 2014, 9:55 AM EDT
How many years feature three of the best records in a franchise’s history?
Apr 16, 2014, 9:22 AM EDT
Bulls give Greg Smith, Ronnie Brewer, Lou Amnundson and Mike James multi-year contracts
Apr 16, 2014, 8:45 AM EDT
Nothing like waiting until the last minute to figure things out.
Apr 16, 2014, 8:00 AM EDT
Nine combined spots on the ballot go to eight different players, and none of our winners made the other two’s top three
Apr 16, 2014, 2:42 AM EDT
Chris Paul and J.J. Redick look good as Clippers ready for playoffs.
Apr 16, 2014, 12:40 AM EDT
Poor Evan Fournier is on the wrong end of a highlight that’s going to get shown a lot for a few days. At least.
Apr 15, 2014, 11:46 PM EDT
Video of one player executing a crossover that drops another player to the floor — you know you’re watching.
Apr 15, 2014, 10:31 PM EDT
Sick pass, monster slam.
Joe Johnson says he shouldn’t have been laughing on bench during blowout loss to Knicks earlier in season
Apr 15, 2014, 9:16 PM EDT
Joe Johnson says Jeff Van Gundy’s criticism of his behavior was spot-on.
Apr 15, 2014, 8:01 PM EDT
Mike D’Antoni had no idea how beating the Jazz on Monday would negatively impact his team’s Draft Lottery chances. And there’s absolutely nothing wrong with that.
Apr 15, 2014, 6:43 PM EDT
Anthony is out for the rest of the season but will not be surgery and will be good to go next season.
Apr 15, 2014, 5:31 PM EDT
Just 7-8 minutes before, Cedric Maxwell had stood next to one of the people killed in the Boston Marathon bombing, but he decided to go inside and get warm.
Apr 15, 2014, 4:41 PM EDT
With nothing on line Pacers going to rest key guys… except Hibbert.
Apr 15, 2014, 3:46 PM EDT
It’s not something you could ever prove (and the Nets may not even do it), but they could rest guys in hopes of falling into a first-round matchup with Toronto.
Apr 15, 2014, 2:59 PM EDT
Damian Lillard doesn’t want to end up like all those players without rings. The ones sitting in his living room.
Apr 15, 2014, 2:17 PM EDT
Two general managers make all three ballots, one tops each
Apr 15, 2014, 1:40 PM EDT
Award honors ‘outstanding service and dedication to the community’
Apr 15, 2014, 1:07 PM EDT
It was just a fender bender, the good news is nobody got hurt. However, Chandler Parsons was delayed getting to the Toyota Center for the Rockets game Monday when he got into an accident. And then the other driver found out who he was and… I will let Jonathan Feigen of the Houston Chronicle tell…
Apr 15, 2014, 12:30 PM EDT
And Burke is one of the best rookies in this class….
Carmelo Anthony questionable against Nets tonight, but not if Mike Woodson has anything to say about it
Apr 15, 2014, 11:44 AM EDT
Melo, a pending free agent, could be done playing for Knicks
- Playoff Chase: Seven meaningful games on final night of NBA season 4
- Tuesday NBA grades: Chris Paul looks playoff ready 0
- Carmelo Anthony has torn labrum, Knicks shut him down for season 14
- Celtics’ legend Cedric Maxwell stood in location of Boston Marathon bombing just minutes before 2
- 2014 PBT Awards: Executive of the Year 25