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NBA offers players up to 51 percent of revenue
Question of the Day
NEW YORK (AP) - NBA players have an offer that could get them up to 51 percent of basketball-related income.
They rejected it Saturday, and if they don’t take it by the close of business Wednesday, they’ll get a proposal that would guarantee them just 47 percent and call for a flex salary cap.
While refusing to characterize his proposal as an ultimatum, Commissioner David Stern said his owners are ready to make a deal.
“We want to allow the union enough time to consider our most recent proposal, and we are hopeful that they will accept,” he said.
As for the Wednesday deadline, he added that it “doesn’t aid the negotiating process to just leave it hanging out there.”
Union president Derek Fisher said players proposed a deal with a fair system at around 51 percent for themselves. He characterized the NBA offer as “a system that is not a fair system” and a revenue split that was really 50 percent.
“We made the moves that we needed to make to get this deal done on the economics,” he said.
Fisher said the NBPA will be in constant communication with players through Wednesday but there’s not enough of an offer to merit calling a vote.
“Today was another sad day for our fans, for arena workers, our parking lot attendants, our vendors. Very frustrating, sad day,” Fisher added. “We, for sure, unequivocally, made good faith efforts to try to get this deal done tonight. And we’re at a loss for why we could not close it out.”
Players and owners met with federal mediator George Cohen for more than eight hours, and Stern said Cohen offered six “what if?” recommendations relating to the BRI split and the salary cap system.
Stern said owners accepted the first five and would put them in writing in a formal proposal to the players, hopefully Sunday. But it wasn’t acceptable Saturday, with Stern saying players’ attorney Jeffrey Kessler rejected it.
“I think it’s fair to say that speaking on behalf of the union, Mr. Kessler rejected the mediators’ recommendations and our proposal,” Stern said. “But hope springs eternal and we would love to see the union accept the proposal that is now on the table.”
Though insistent on no more than a 50-50 split, owners will offer the players a band that would allow them to receive between 49 percent and 51 percent.
Fisher was not impressed.
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