October 20, 2011
New revenue sharing big for Bobcats
Charlotte Bobcats owner Michael Jordan has to be thrilled that his fellow NBA owners approved a new revenue-sharing plan that will nearly triple the redistribution of funds between small- and big-market teams.
NBA deputy commissioner Adam Silver said at a Thursday news conference that revenue sharing going forward will be roughly $150 million annually, compared with about $60 million last season. It wasn't announced precisely what formula the league would use to redistribute those funds.
Jordan and Milwaukee Bucks owner Herb Kohl lobbied hard for the idea that more generous revenue sharing was crucial to keeping all 30 NBA franchises competitive. The local television and radio revenue generated by some big-market teams, like the Los Angeles Lakers, New York Knicks and Boston Celtics, dwarfs what a franchise like the Bobcats, Bucks or Sacramento Kings can generate.
Players also wanted more wide-spread revenue sharing, so the league announcing a plan in place can only help owners and players come together on a collective bargaining agreement that would end the current lockout.
Posted by Observer Sports on October 20, 2011 at 04:28 PM | Permalink
I will care when that revenue sharing is being redistributed to the Charlotte HORNETS!
Posted by: ac | Oct 20, 2011 4:35:26 PM
Get over it AC. Native Charlottean here and long time supporter of the Charlotte Hornets, but the Bobcats are here to stay as the Bobcats. Let it go, and support your team.
Posted by: JPhanatic10 | Oct 20, 2011 4:45:35 PM
Did you stamp your foot when you typed that? Stick out that lower lip? Maybe mom will get you some ice cream to make you feel allll better...
Posted by: Jones | Oct 20, 2011 4:54:40 PM
Bout time...the NFL has it right when it comes to revenue sharing.
And um, why don't you go post on the NEW ORLEANS Hornets message board?? ITS OVER!!
GO CATS! (whenever we see u again)
Posted by: Bobcat Terry | Oct 20, 2011 5:50:47 PM
Well, this is what I have been talking about all along. This whole lockout thing is an OWNERS problem, not a players issue.
Now that the revenue sharing is worked out amongst the Owners, we can move forward and settle this lockout...unless you Owners still think you hold all the power. If that's the case, I'll just pick up a Rosetta Stone with the language that fits the league I'll be signing with this year. You Owners can deal with your empty Suites and silent Arenas.
Posted by: Derek Fisher | Oct 20, 2011 7:51:18 PM
Owners hold all the cards. The superstars can go on all the yours they want, and do all these exhibitions, but when lower paid players like a Telfair, Royal Ivey, etc start missing more paychecks they will cave in.
Posted by: Jason Warren | Oct 20, 2011 8:50:04 PM
"Owners hold all the cards."
You're nuts! Do you know what the average NBA salary is? $6 MILLION! Gee, you think anyone gives a crap what Sebastian Telfair or Royal Ivey think? This league isn't about the end of the bench, Jason. You can get all the scrubs you want to fill out the numbers 9 through 15 spots on the roster.
Nope, sorry, not happening. The players hold ALL the cards. Tell me Jason, what do the Owners have as leverage? They have....Nothing!
The key players have money, staying power, endorsements,and the ability to play overseas in leagues throughout the Globe. You must be confusing Basketball with American Football.
Jason, you really need to get out more. I have a neighbor just down the street from me who just signed a contract to play Basketball (PG) overseas. There's tons of money over there and the NBA Owners know they are screwed! Jason, you must think there is the United States and nothing else exists.
I'm just here to help. The Owners need their assets to make money. Guess what their assets are? Are you planning on filling Kobe Bryant's shoes with Joe Shmoe's?
Sorry Jason, David Stern and the Owners have already stated through the media that they are ready to deal; the Owners know they are at the mercy of the players.
Posted by: Isiah Thomas | Oct 20, 2011 9:13:42 PM
The owners for sure hold the cards here. Considering most teams were losing money this is better than having a season under a bad deal. Most of the owners will still get money from concerts and other things at there arenas. Not every player can go overseas.
Posted by: Tony | Oct 20, 2011 10:11:21 PM
There are 400 players in the NBA. Not all of them can or want to even go overseas. You obviously haven't paid much attention to the lockout talks.
Posted by: Jason Warren | Oct 20, 2011 10:36:27 PM
Players like Ivey represent a majority of the league. My post obviously went way over your head. When you have owners willing to sit out a season because they would lose less money if 0a games were played you have the upperhand, which is why the players are slowly inching closer and closer to the 50/50 split in BRI. You obviously didn't pay attention to the NHL lockout. Finally, the owners will only be ready to deal if its a deal that is almost completely opposite of the expired CBA. Thanks
Posted by: Jason Warren | Oct 20, 2011 10:55:19 PM
Good decision by the owners, which contributes towards a resolution of the league's problems.
The players are still very stubborn on the issue of changing the salary cap system; also, their claim for 52.5% of the BRI won't cut it. But, I'm not too worried about all this.
As has been noticed by many - including in this discussion thread - the players are the weaker side in this dispute. The more they drag it on, the more they'll lose - and the owners' justifiable resolve to change the system won't go away. At some point, they'll have to stop digging in their heels. The league WILL become more competitive when this change of system will happen; of course, the owners' decision on better revenue sharing is also contributing to increasing competitiveness for all teams.
I believe a reasonable compromise will prevail, and the shortened season will be on its way, whether that'll be in January or in February.
Posted by: Sandy | Oct 20, 2011 11:26:49 PM
Maybe if most of the players stayed or went to college they would understand what is going on LOL
Posted by: jerk | Oct 21, 2011 1:49:45 AM
The owners are going for broke here. they've already won huge battles by going from 43% to 47.5%. That's a huge shift. And you have to figure they are already popping champagne on this and they know they're going to be able to get another 1 or 1.5% out of the players before it's all said and done.
they want this season cancelled because it gives owners 1 year off of the bad contracts they signed previously. and in several cases, previous ownership signed. the shorter season creates less overhead and more profit anyways. the most revenue comes from playoff basketball so if you cut out 3 months out of the season and cut 1/3 + of payroll while only cutting 1/4 - of revenue.....that's just good business and that's what they're aiming at.
there's a couple owners out there that will fund new arenas solely on this come up of this season.
Posted by: charlottean | Oct 21, 2011 9:13:44 AM
Old news now but there goes that pos Brian Dumbel again. Typical. He was the one who also said the Winter Olympics was all white and racist. What a joke. He needs to get off his fat "black" ass and get out on a pair of skies and see how easy it is. What a joke. Disgrace to his own race.
Now Stern is a slave plantation owner? Imagine that. Slaves making mega millions annually to play 1/3 of the year and fuk off the other 2/3 of the time rest like all other pro sports. Dumbel strikes again.
When will Obama reduce the national 15 trillion debt and surtax all pro athletes and their union piggies 2/3 anyway?
Whitlock is a credit to his race.
Posted by: king dallas | Oct 21, 2011 9:34:02 AM
Isaiah Thomas is the perfect name for you. But you might be even more clueless than he is. The owners should wait these clowns out until they get a deal that works. Enjoy Europe Kobe. How is that deal in Italy working out? I bet you are loving Turkey Deron. What a joke. It is a different economy. Any employee that thinks they will get the same deal they had years ago is living in fantasy land. People are out of work, losing benefits, seeing their pay cut. Welcome to the real world players. It is about time.
Posted by: Money Talks | Oct 21, 2011 12:55:08 PM
There will be a 50 game season just like in 99. The NBA is a star driven league, but the rank and file players grossly outnumber the superstars. The reality that those guys have no real life job skills will set in once they start missing paychecks. There are just too many players who can't afford to miss an enitre season, as silly as that sounds considering most of those guys still make more in a year than most of us will make in a lifetime. Once they miss the first couple of checks, the union will have no choice but to bend to the will of the owners. Billionaires beat millionaires everytime and something > nothing.
Posted by: Mike | Oct 21, 2011 4:25:23 PM
Bobcat Terry is right. It is about Small Market Owners vs. Big Market Owners. But if the money is not shared - Teams will fold.
Basketball for Christmas?
Posted by: Courtside | Oct 24, 2011 10:08:02 AM
Isiah Thomas, what are you talking about? The owners clearly have the upper hand. It takes a majority of the players to pass a CBA. Last time I checked a majority of the players in the league were scrub or average players. Just because players like Kobe and Lebron are the ones that actually bring in a majority of the league's revenue it doesn't give them any more of a weighted vote than other members of the player's union. And you're wrong about playing overseas. Sure the star players can make a few bucks, but it's nowhere near what they can make here in the States. There's a reason why the best players in the WORLD, even those from Europe, come to the US to play pro basketball.
Posted by: G Money | Oct 26, 2011 9:05:11 AM
Ask me about the Bobcats when football season is over. Right now, who cares....Lets Go Panthers!!!!!
Posted by: C.Bax | Oct 27, 2011 4:21:44 PM
david stern is dead set on ruining his league before retirement.
there's a lot of non-nba arenas around the country that have the capacity for an upstart league. I'm just saying.....
raleigh, tampa, jersey has a few, vegas, st. louis, columbus, nashville, pittsburgh, buffalo, san jose, ft. lauderdale, etc. etc. etc.
I could only imagine those arenas would LOVE to host some sellout basketball games on christmas day and that some network like.....fox or cbs would jump at the opportunity to pick up extra revenue. You're talking about half a million in ticket sales and probably the same in ad revenue and the arenas should be thrilled with a small piece of the pie and the concessions.
How are agents not able to pull this off? Baseball is impossible because the farm system is so organized that you're going up against a true goliath and there's no salary cap and they have arbitration so there's no complaints. football players have too short of careers to organize a league on their own successfully.
lebron james, derrick rose, kevin durant and several other stars have more than 10 years left in their careers. Guys like kobe, olajuwon, the agents, outside business men seeing blood in the water......WHOEVER could finance this. Basketball is 10-20 guys showing up in a gym and playing ball. It's not the mammoth task that organizing football or baseball leagues are. They could get european owners to bankroll an american division of euroleague. the possibilities are endless.
how both sides don't see this and can't make a deal work quickly BECAUSE of this, is incredible to me.
Posted by: charlottean | Oct 29, 2011 11:03:58 AM
The difference between the rich owners and the rich players is 10 years from now 99% of the owners will still be rich, while 95% of the players will be broke.
Posted by: Bruce | Oct 31, 2011 9:41:01 AM
The players start their own league? Give me a break. How are those travelling all-star games being attended? That has zero chance of working. The players should take whatever the owners offer. It will still be more than they can make anywhere else.
Posted by: Cranky | Oct 31, 2011 1:17:14 PM
this year yes absolutely but over the long haul?
basketball is not complicated to organize. thats why at the drop of a hat they can coordinate exhibition games. and if we woke up tomorrow and there was a new league, call it the _BL and lebron, kobe, etc. are involved and it's coming to a city near you........are fans boycotting these games? are tv stations refusing to negotiate with them? (obviously some wouldn't be allowed but there are more tv companies than disney and turner)
are companies not still wanting to sponsor these games for product placement?
Posted by: charlottean | Nov 6, 2011 8:05:21 PM
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