Originally Posted by moremilk
Let's put it like this. Under the old system, the owners were losing 300m a year.With a 53% split the owners break even. With a 50-50 split, they make 300m a year. That amounts to a 2% rate of profit. less than some GICs .... And players call that greedy ...
Let's assume we believe the owners' claims, and that they lost 300 million last year alone. Last year, the total revenue was 3.817 billion. At 57%, the players received 2.176 billion. To recover 300 million, assuming no growth in revenue due to the effects of the lockout, the owners would logically have to pay the players only 1.876 billion, which is 49% of the revenues. So at 50-50, the owners claim to still be losing money. Revenue growth would help bring that to a gain.
Of course, the owners' claims are up for debate, but without personal access to the entire league's books, I can't really comment on that, except to say that I expect some of the accusations that have been made hold merit, and some don't and have been refuted. Personally I don't find the conversation too interesting, since it really isn't about what each side SHOULD be asking for, but what they are asking for, and what leverage they have.