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.
May 23, 2015, 10:32 PM EDT
He did it in nine fewer games than Miller.
May 23, 2015, 9:00 PM EDT
Great stuff from the game’s best player.
May 23, 2015, 7:30 PM EDT
Ross, and the Raptors, had a disappointing season.
May 23, 2015, 6:00 PM EDT
He certainly is one of the greatest ball handlers of all time.
Lakers GM: If free agents don’t choose L.A. because of Kobe Bryant, ‘we don’t want them. You should go someplace else.’
May 23, 2015, 4:30 PM EDT
Lakers need a strong-willed star to carry them into their next era of greatness.
May 23, 2015, 3:16 PM EDT
I’d say this puts the Hawks in a difficult spot, but they already were in one.
May 23, 2015, 1:30 PM EDT
May 23, 2015, 12:08 PM EDT
The popular former Magic player would sell well to the fan base.
May 23, 2015, 11:00 AM EDT
Clean block that was unfortunately called a foul.
May 23, 2015, 9:30 AM EDT
Atlanta is already down 2-0 to Cleveland in the series, and if Korver misses any time, the Hawks are finished.
May 23, 2015, 8:00 AM EDT
He would bring a defensive mindset that he team could use.
May 23, 2015, 12:25 AM EDT
Cleveland shut down Atlanta’s offense in a dominant Game 2 performance.
May 22, 2015, 11:16 PM EDT
LeBron was great, and that was enough against a Hawks team that keeps losing guys due to injury.
May 22, 2015, 10:30 PM EDT
There’s also video of Harden doing some damage in the tunnel on the way to the locker room.
May 22, 2015, 9:30 PM EDT
Ruled a flagrant, which was probably the correct call under the circumstances.
May 22, 2015, 8:30 PM EDT
GM Mitch Kupchak: “It looks as though we’ll use our pick this year.”
May 22, 2015, 7:38 PM EDT
Irving is dealing with a knee injury.
May 22, 2015, 7:15 PM EDT
Explaining Stephen Curry’s game is just not that easy.
May 22, 2015, 6:49 PM EDT
Did they disagree? Sure. Was there a rift… depends on who you ask.
May 22, 2015, 5:45 PM EDT
Even an older NBA player has mad skills.
- Hawks Kyle Korver out for remainder of playoffs with high ankle sprain 14
- Report: Scott Skiles in lead to become next Orlando coach 14
- Report: Jeff Van Gundy candidate for Pelicans’ coaching job 15
- Cavs’ improved defense deserves credit for commanding 2-0 Eastern Conference Finals lead 36
- No Kyrie Irving, no problem: Cavaliers cruise to blowout Game 2 win over Hawks 24
- Kyrie Irving out for Game 2 vs. Hawks 7
- PBT Extra: Klay Thompson’s done well, but Warriors should throw other defenders at James Harden, too 6
- PBT Extra: Give Warriors defense some credit for stop of Harden on last play 0