NBA talks fail to reach agreement; lockout expected at midnight
"We’re disappointed," NBA Deputy Commissioner Adam Silver, left, said Thursday with Commissioner David Stern at his side.
June 30th, 2011
04:02 PM ET

NBA talks fail to reach agreement; lockout expected at midnight

The NBA said Thursday it will recommend a lockout after the professional basketball league and players failed to reach a new collective bargaining agreement. The current agreement is set to expire at midnight tonight.

"What we told the union at the conclusion of today’s session was that we would recommend to our labor relations committee in a call later today that we lockout at the conclusion of this deal, which is at midnight tonight,” league Deputy Commissioner Adam Silver said Thursday at a press conference.

"Needless to say, we’re disappointed that this is where we find ourselves," Silver said.

In the collective bargaining agreement that is set to expire, players received 57% of basketball-related income. The NBA owners want to restructure the revenue-sharing agreement, which includes player salaries.

Union Executive Director Billy Hunter  has offered 54.3%  on the basis of projected growth over 10 years. But the league is losing money and the owners have basically offered a deal based on projected losses, Commissioner David Stern said.

During his tenure he has seen the average player salary go from $250,000 to $5 million, Stern said, “and I never felt that I had to apologize for the players” because the money was being generated by the system but now  "it’s time for there to be a return on the investment that’s being made."

Stern solemnly told of the side effects a league shutdown would cause to workers in NBA cities.

"It is with some sadness that we’re going to recommend this to the committee because a lockout has a very large impact on lot of people, many of whom are not associated with either side and there are a whole raft of people who make their living on our industry.”

Stern said there will be some changes to the way NBA teams will be expected to operate with a lockout in place.

"A lockout has its impact," he said. "Our arenas will be closed to the players. Our practice facilities will be closed. There will be an entire set of rules out there. And to the extent that there are payments due and owing for the coming season, those will not be made. Payments that are due and owing for the past season will be made. That’s where we go."

The last time the league had a lockout was in 1998, which wiped out the first two months of the season.

A league also had a lockout in 1995 before the season started.

On Thursday, Stern said he expected the sides to try to set up a meeting some time next week, but he wasn't optimistic.

"There will be collateral damage as we go through the summer,” he said.

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soundoff (28 Responses)
  1. Big Moe 53

    As we ask teachers and cops and other public employees to take pay cuts from their "high on the hog" $50,000-$75,000 a year jobs, these millionaires can't agree. And if you couldn't save any of the millions you made in the past years, McDonalds is always looking for happy faces. Thank God for the food network. A more enjoyable alternative to these overpaid prima donas. Let em sit out and not play.I only feel for the vendors who walk the aisles selling stuff and ticket takers and the other blue collar workers who will now also be out of work.

    June 30, 2011 at 4:27 pm | Report abuse |
  2. Eddie S---Texas

    It will never end until SUCKERS like us (ME INCLUDED) stop paying for tickets and T V sports packages

    June 30, 2011 at 4:29 pm | Report abuse |
  3. Tee

    Crazy thing is, I support the NFL lock out and i'm even on the players side. I think they deserve their fair share of TV money. I think in the long run they will need it more. They endure so much being as though football is a contact sport. As for basketball, AHHH it hasent been the same since Jordan retired. I can live without it. Football not so much.

    June 30, 2011 at 4:39 pm | Report abuse |
  4. sandyk

    to the posted who mentioned hockey shh! my favorite sport is still somewhat unspoiled. I would hate to someday look at my RedWings in disgust.

    June 30, 2011 at 9:40 pm | Report abuse |
    • Deadmau5

      All sports are the same.. Simulated Va gin al combat with bawls and sitx. Yawn.. It's like salt and pepper on a steak.. boring.

      July 1, 2011 at 1:24 am | Report abuse |
  5. Deadmau5

    Oh No! No more humpie ball! Boo hoo

    July 1, 2011 at 1:20 am | Report abuse |
  6. amy

    it just shows how selfish the NBA owners and the players are being... There are people who are unemployed, losing their homes, wondering where their next meal is going to be. Our economy is in the tanks... in stead of arguing over money maybe they should think about what us normal people are going through.

    July 2, 2011 at 5:55 am | Report abuse |
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