- NBA Talk
||04-15-2011 09:19 PM
New CBA proposal to be presented to players union
David Stern: New proposal to union soon - ESPN Los Angeles
"But the goal has not changed and will not change from the team standpoint. We need a new system, and the current system is broken and is unsustainable."
Owners are seeking radical changes to the CBA. Stern said the league is projecting losses of about $300 million -- less than the projections in recent years -- and Silver said roughly 22 teams will lose money this season. He later said several unspecified teams "will do better financially if we are not playing," but that all of them would prefer to avoid a reduced or canceled season.
The issue for the league remains the players' guarantee of 57 percent of basketball-related income, and the union has said it is open to discussing a reduction in its share. However, Silver disputed that, saying players' association executive director Billy Hunter told him 57 percent remains the target.
"If players are taking 57 percent of the gross, it's mathematically impossible to move to a profitable position without a new system," Silver said.
Though the current system seems to favor large-market teams, Stern said it's Sacramento's outdated arena, not its market size, that could have the city on the verge of losing the Kings.
Sacramento Mayor Kevin Johnson said the city is committed to replacing the Power Balance Pavilion even if the Kings leave. Stern seemed dubious that the city would build a new arena, saying the discussion is "usually an eye-roller" at the league because there's been no progress toward it for years.
However, he said the importance of the Kings' future for Sacramento, Anaheim and the Maloofs warranted a "timeout" and the extension for the previous deadline of Monday. The relocation committee headed by Oklahoma City owner Clay Bennett, who moved the SuperSonics from Seattle three years ago, would research aspects of a proposed move and a potential relocation fee.
"So the committee thought that it would be a good idea to do a little bit more fact-finding and determine how this will ultimately play out," Stern said. "There's no agenda here; just to make sure that something as important to all parties as the transfer of a team to another city and the attempts of that city to keep that team was fully understood, fully briefed."
Also, Stern said the sale of the Detroit Pistons to Tom Gores would be closed by the end of May.
|All times are GMT -4. The time now is 02:50 AM.
Powered by vBulletin® Version 3.7.1
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
Copyright RaptorsForum.com 2005-2011