Seeing that the NFL is already in a lockout, the N.B.A. and the players union are meeting with greater frequency as time dwindles for reaching a new labor agreement and avoiding the league’s first lockout since 1998. The labor agreement expires June 30, after a season in which the N.B.A. has recorded substantially higher television ratings. The union rejected a counterproposal recently authored by the league. In a memo to players, the league’s proposal for a $45 million salary cap ($13 million less than the current one). The real sticking point is the league’s wish to install a hard salary cap and decrease the amount of guaranteed money owed to players. The N.B.A.’s proposal also called for eliminating the luxury tax and guaranteeing only half of a player’s first $8 million in salary and 25 percent for deals above $8 million, according to the Sports Business Journal.
http://offthedribble.blogs.nytimes.com/2011/05/17/with-time-slipping-away-n-b-a-and-players-plan-to-meet/?partner=rss&emc=rss
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