NBA Lockout thread

[cosmo_kramer]

Filing for bankruptcy is a long-standing tradition for NBA players, 60% of whom, according to the Toronto Star, are broke five years after they retire.

LIFE OF REILLY - ESPN The Magazine

As cliche as it may sound, education could prevent many, if not all of these pitfalls. If you're a student athlete with pro potential, "Financial Analysis 101" & "Child Support 101A" should be required classes.

Even then, one year of pretend class work can't undue a lifetime of learned experiences. There has to be a cultural shift in thinking.

Drive one car. Live in one house. Wear a shirt more than once. Make extended family pay for their own dinner. Learn to say NO. Live the life of a retiree-once you've retired. Loan money, don't give it away.

Request a background check on your investment broker. Pay your taxes. Read the fine print. Don't start expensive habits- gambling, drugs, alcoholism,etc. Wear condoms...every time.

True, in the end they'll probably have less friends. But at least going for broke will mean diving in the stands for loose balls not digging in the couch for loose change.

Can David Stern Stop NBA Players From Going Bankrupt? | Bleacher Report

 

[salsadancer7]

Toronto Sun is the only one that had to stat? LOL! Look, there is no doubt that alot of players in ALL PROFESSIONAL SPORTS...not only in basketball, have a lack for handling their money. And like Sandra, you cannot sit there and assume we are gonna know all of the spending habits of all 360 players.

Hell true be told...NONE of us know if at 20 years old, making over the average NBA salary...would be doing the same thing.

 

[salsadancer7]

Really??!!

I find it interesting and laughable that the NBA owners are bitching about the players using this tactic to force the issue and "get the upper hand" when they use the 'take what's on the table or else' to get the upper hand as well.

All is fair in love, war and labor negociations.

NBA asks judge to clear obstacle in talks

By LARRY NEUMEISTER, Associated Press

6 hours, 47 minutes ago

NEW YORK (AP)—An NBA lawyer urged a U.S. federal judge on Wednesday to help end a stalemate with the NBA players union by agreeing to consider the legality of its lockout.

The league locked out its players on July 1, and NBA Commissioner David Stern has already canceled all November games.

The NBA, which filed suit the players union in August, wants U.S. District Judge Paul Gardephe to rule that the NBA's lockout would not be considered an antitrust violation if the players dissolve their union.

In oral arguments in New York, NBA attorney Jeffrey Mishkin said the NBA Player's Association is using the possibility of an antitrust fight like "a loaded gun" in order to gain an upper hand at the negotiating table.
"They prefer the uncertainty," Mishkin said of the union's effort to get the lawsuit tossed out. "It's like taking a loaded gun and laying it on the table."

Gardephe, however, expressed reluctance to wade into the NBA's labor mess. He brushed aside Mishkin's argument, saying that posturing is part of negotiations.

"If they've put the gun on the table, it's not clear there are any bullets in it," the judge said. "The courts discount threats of litigation in the context of collective bargaining."

NBA asks judge to clear obstacle in talks - NBA - Yahoo! Sports

 

[SandraC]

I really don't understand why the NBA owners don't change their offer to 45/55 in favor of the owners. The only leverage the players have here is take it or leave it. The owners could really take the upper hand if they wanted to.


Sandra

 

[salsadancer7]

Gardephe, however, expressed reluctance to wade into the NBA's labor mess. He brushed aside Mishkin's argument, saying that posturing is part of negotiations."If they've put the gun on the table, it's not clear there are any bullets in it," the judge said. "The courts discount threats of litigation in the context of collective bargaining."

I like this judge. 'Clean your own mess....'

 

[Bodo Fenrirsson]

Meanwhile,in other news(& why we all want the NBA Lockout/Strike to end).....Will divorce from Kim Kardashian affect Humphries' free agent value?

Will divorce from Kim Kardashian affect Humphries' free agent value? - NBA - Sporting News

Kicked to the curb without an income until the lockout is over,I'm sure he's someone who needs a deal fast.

 

[Bodo Fenrirsson]

Poor Kris Humphries.....will play basketball for food.

 

[cosmo_kramer]

I wonder if the NBAPA is offering the same financial advice assistance to their members that the NFLPA did during their lockout??

The NFLPA has issued a 64-page lockout handbook that offers money-saving tips that almost all recession-strapped Americans can relate to, such as eat in instead of go out, lower the thermostat and do laundry in cooler water.

But some of the advice hardly applies to the typical household: hold off on buying "motorized toys" and expensive jewelry and reduce the size of your entourage.

Among other suggestions to players:

Save 25% of your annual pay.

When going out, remember to "leave the club with your wallet and budget intact." If socializing, do so "with a purpose," such as dining out to network for the next phase of their lives after football.

Say "no" or "not now" to money requests from family and friends, and don't "pay friends to perform work that you can easily do."

NFLPA handbook gives players money-saving tips in case of lockout

 

[salsadancer7]

Poor Kris Humphries.....will play basketball for food.

He had it made if he could have kept that Kardashian!

 

[cosmo_kramer]

While top NBA Players Association officials were trying Thursday to establish a convincing sense of unity heading into this weekend's resumption of labor negotiations with the league, another group of players was laying the groundwork for the decertification of the union, according to sources briefed on those discussions.


At least 50 frustrated players convened on a conference call Thursday with an antitrust lawyer to discuss the ins and outs of the decertification process, sources told ESPN.com. It was the second such call this week, sources said, after a similar call Tuesday.


The most vocal player on both calls, sources said, was Boston's Paul Pierce. Those same sources identified Miami's Dwyane Wade as another vocal participant Thursday, with Orlando's Dwight Howard and Boston's Ray Allen also speaking up Tuesday.

NBA players working toward decertification, sources say - ESPN

 

[SandraC]

NBA players working toward decertification, sources say - ESPN

The players' empire be a crumblin'. We may have Christmas basketball after all.

Tick tock...


Sandra

 

[DodgerKing]

NBA players working toward decertification, sources say - ESPN

Good. I hope the union is dissolved and hopefully other sports will follow

 

[salsadancer7]

I doubt it will happen. But time will tell. Decertify wil not assure basketball soon. The players will then have the option of suing on an individual basis. The antitrust blanket most, if not all, professional sports enjoy could be challenged on a yearly basis by players in leagues that do not have unions from what I have heard.

 

[cosmo_kramer]

Really good explanation of the process and ramifications here:

NBA -- Decertification threat a strong message - ESPN

 

[salsadancer7]

Really good explanation of the process and ramifications here:

NBA -- Decertification threat a strong message - ESPN

Excellent article and a more indepth explination to what I said before your post Cosmo.

 

[Bodo Fenrirsson]

I have to admit that I miss the NBA. I hope they settle soon.

 

[SandraC]

I do too. I don't miss all the Lebron nonsense in here, but I do miss the NBA as a whole.


Sandra

 

[whitewolf8214]

they can stay on strike they are all getting too greedy in all sports and its causing us the fan more money

 

[salsadancer7]

According to Brossard, there has been some progress in today's negociations.

LOL! The hardliners are headed by none other than Michael Jeffrey Jordan.

How ironic...

 

[salsadancer7]

As of this morning, Brossard from ESPN states that according to sources, the FINAL offer closes to 50-50 is and has always been 49-51(owners edge). The players have until Wednesday to take the offer, after that, the offers will get worse.

Now, IMHO, the players will say no and decertify. The rumors are there are enough players in favor of doing this. The players feel(and I cannot blame them one bit) that the owners have concedes NOTHING(which they haven't) and the players, if they accept the offer, would have conceded approx. $800 million in BRI(according to most accounts, for every 1% from the previous CBA, its $100 million). Look for the season to end and lawsuits galour.

Amazing how things turn on a dime. That is twice now that both parties had intense meeting where there were all kinds of rumors and hope this deal would be made ...then BAM! Talks end ugly.