By holding out for 50-50, owners are drawing line in sand over $400M total over six years, half of which they'd lose by canceling 2 weeks.
Similarly, players are holding out for $400m/six years by insisting on 53 pct. vs. 51.5 ... they'd also lose half of that in 2 wks.
Also, difference between 53 and 51.5 for players in year 1 is $70 million, which they'd lose in less than a week of canceled games.
So to sum up, if games are canceled tomorrow, it won't be due to money or common sense. It will be due to ego and stubbornness.
KBergCBS........ Thanks to @reeb1011, who caught a math error. Owners get $13.1B at 50 pct and $12.7B at 48.5 -- still same $400M diff over 6 yrs though.
sam_amick........ BREAKING: NBA & union officials meeting 2day in last-last-ditch attempt 2 resolve lockout nyti.ms/pSFbon
sam_amick........ This stuff is comical. Union officials had been privately telling (non-media) people they foresaw a Sunday push to get a deal done.
KBergCBS........ KBergCBS: Source confirms @HowardBeckNYT's report, that top negotiators from both sides trying to arrange last-ditch meeting for tonight in NYC.
Broussard............ As 1st reported by @HowardBeckNYT owners/players will meet 2day. Owners relaxed demand 4 players to accept 50/50 split b4 meeting.
daldridgetnt........... Confirming NYT report. Small meeting--Fisher, Hunter, Stern, Silver and (I think) Peter Holt this evening. 11th hour, 59th minute.
SpearsNBAYahoo............. Derek Fisher stayed in NY entire weekend hoping to meet with NBA by Sunday and got his wish after NBA reached out to him & Hunter this morn.
daldridgetnt........... Players have NOT, I am told, accepted 50-50 concept league had asked for as precondition for meeting.
Woj........ WojYahooNBA: Spurs owner Peter Holt, head of labor relations committee, will attend meeting with players in NY, sources says. NYT 1st reported new talks.
BULLETIN: Owners, players to meet tonight October 9, 2011 By Chris Sheridan 1 Comment By Chris Sheridan NE W YORK — NBA owners and players have agreed to resume collective bargaining discussions at 6 p.m. EDT tonight at an undisclosed location. The news was first reported by Howard Beck of the New York Times, and SheridanHoops has learned that the owners have dropped their precondition that the players agree to a 50-50 split of revenues before resuming discussions. Union director Billy Hunter had been scheduled to fly to Los Angeles tonight to brief a group of players on the status of negotiations, but that plane ticket has been canceled. commissioner David Stern has said an agreement needs to be reached by Monday in order to save the Nov. 1 start of the regular season.
I think you are all but right.....Although I think it will be tomorrow. I think most everything will stay the same other than the BRI %
Read my post above. That's what my pizza delivery friend hinted at. I think it is extremely fair to say, that no one really knows much of anything right now. I think 51.4 is going to be the magic number though.....whenever that may be Another friend of mine....we will call him a plumber, has insisted all summer long that a deal would get done Nov 1st
I agree. I said the same thing a few days ago. Let the players have the majority of the BRI. Even if the majority is by only 1 or 1 1/2 perscent. At this point we are down to "ego", and the Players have the biggest egos. I know the owners have given in on quite a few issues, but this one would still be a victory. (57% down to 51.5 (or what ever)
