Jan 28, 2013, 5:05 PM EST
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.
Jan 27, 2015, 11:50 AM EST
Hollins was reportedly not brought back in Memphis because of an aversion to the use of advanced statistics.
Jan 27, 2015, 11:10 AM EST
New York doesn’t want to offer Galloway any guaranteed money for next season.
Jan 27, 2015, 10:30 AM EST
Matt Barnes intentionally fouled Danilo Gallinari late, and Shaw believes free throws should have been awarded.
Jan 27, 2015, 9:50 AM EST
Jan 27, 2015, 9:10 AM EST
Five of the six players in the field are set.
Jan 27, 2015, 8:30 AM EST
She tweeted out a vote for him, and she has 18.8 million followers.
Jan 27, 2015, 8:00 AM EST
Then he finishes it off with a dunk of his own.
Three Things We Learned from NBA Monday: Is it time to mention Anthony Davis with LeBron and Durant?
Jan 27, 2015, 2:02 AM EST
Jamal Crawford had a monster night, too.
Jan 27, 2015, 1:36 AM EST
This was not pretty.
Jan 27, 2015, 12:00 AM EST
Galloway has played well through two 10-day contracts.
Jan 26, 2015, 11:15 PM EST
The Pelicans blew out the Sixers.
Jan 26, 2015, 10:30 PM EST
Jan 26, 2015, 9:45 PM EST
The Nets have lost eight of their last 10.
Jan 26, 2015, 9:00 PM EST
They will wear them on February 20.
Jan 26, 2015, 8:11 PM EST
Durant suffered the injury on Sunday in Cleveland.
Jan 26, 2015, 7:30 PM EST
Will Steve Kerr start Klay Thompson or James Harden?
Jan 26, 2015, 6:43 PM EST
Did you really think Kobe Bryant was going to leave the game on anything but his own terms?
Jan 26, 2015, 6:20 PM EST
He likely returns in the middle of March.
Jan 26, 2015, 5:32 PM EST
Of course, Nick Young’s answer to all problems is more Nick Young.
Jan 26, 2015, 4:29 PM EST
And Russell Westbrook at center
- Report: Stephen Curry, Klay Thompson to participate in All-Star weekend’s Three-Point Contest 4
- Three Things We Learned from NBA Monday: Is it time to mention Anthony Davis with LeBron and Durant? 14
- PBT Extra: Who should be the All-Star Game reserves? 13
- Report: Kobe Bryant “definitively coming back to play next season” 28
- Kemba Walker to have knee surgery; Hornets looking at trades for depth while he is out 6
- Kobe Bryant to have surgery on shoulder, is done for season 8
- PBT’s Weekly NBA Power Rankings: Hawks continue to fly high 5
- Kobe Bryant wanted to sign with Michael Jordan’s Wizards 7