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.
Nov 26, 2014, 11:05 AM EST
Clark had his best NBA season with L.A. back in 2013.
Nov 26, 2014, 10:30 AM EST
Detroit has a fundamentally flawed roster.
Tom Thibodeau says Derrick Rose ‘didn’t re-injure himself’ after playing just 10 minutes in loss to Nuggets
Nov 26, 2014, 9:50 AM EST
Team originally said Rose left with hamstring tightness.
Nov 26, 2014, 9:10 AM EST
Lawson puts his elite ball handling on display.
Nov 26, 2014, 8:30 AM EST
Silver has said he wants the Bucks to stay in Milwaukee, but if a new arena isn’t built it’s going to get interesting.
Nov 26, 2014, 8:00 AM EST
The Bucks are just fun to watch.
Nov 26, 2014, 2:00 AM EST
The Nuggets still won.
Nov 26, 2014, 1:15 AM EST
This rivalry is the best thing about the NBA this season.
Nov 26, 2014, 12:30 AM EST
The Lakers get a little flexibility to add a player.
Nov 25, 2014, 11:45 PM EST
Business as usual for Steph.
Nov 25, 2014, 10:50 PM EST
The latest setback for the former MVP.
Nov 25, 2014, 10:15 PM EST
Faried put the hammer down.
Nov 25, 2014, 9:30 PM EST
They are that bad because of their defense.
Nov 25, 2014, 8:45 PM EST
What is the deal with that shot?
Nov 25, 2014, 7:50 PM EST
Understanding what the team is doing and paying good money for tickets are different things.
Nov 25, 2014, 6:59 PM EST
Philadelphia’s defense really tanked this play
Nov 25, 2014, 6:15 PM EST
This is a sign of how thin the front line pickings are for teams wanting depth.
Marreese Speights on Kendrick Perkins: ‘He thinks he’s a tough guy, but at the end of the day, his game is terrible’
Nov 25, 2014, 5:30 PM EST
Thunder center doesn’t take criticism without dishing some of his own
Nov 25, 2014, 4:45 PM EST
I’m impressed… and a little jealous.
Nov 25, 2014, 3:59 PM EST
This has been an issue throughout his career.
- Report: Lakers working on a one-year deal with Earl Clark 0
- Tom Thibodeau says Derrick Rose ‘didn’t re-injure himself’ after playing just 10 minutes in loss to Nuggets 5
- Lakers granted $4.85 million disabled-player exception for Steve Nash injury 9
- Kobe Bryant: “We’re not a 3-11 team. We’re not.” 24
- Tom Thibodeau is getting tired of answering Derrick Rose questions 15
- Veteran NBA coach: ‘I think (Cavaliers head coach David Blatt) is struggling a bit’ 30
- PBT’s Monday night NBA Winners/Losers: That looks more like the Cavaliers we expected 12
- Carmelo Anthony exits Knicks-Rockets game with apparent back injury 9