Quote:
Originally Posted by jaxmagicman
|
The NBA is headed towards serious financial trouble and seems powerless or too dumb to do anything about it.
It is about a season or at the most two seasons away from half the teams in the league having payrolls they cannot support and teams bleeding money to the point where collapse seems possible.
Last season 12 teams had to borrow between 12-20 million dollars to keep operating and more teams had to borrow money during the off season to be able to open this season.
Quite simply the NBA is heads towards where the NHL was a few years ago. It is a league that can no longer pretend that is has the income needed to pay it's players what they are making.
Hopefully the players union is smart enough to realize this and agrees to a new settlement deal and a strike does hot happen.
The NHL players association thought it could take on the owners and greatly over valued themselves. A lost season later they realized their actual worth and accepted much lower pay. They took a beating in the process.
The NBA is headed towards the same situation and I fear a strike is imminent unless some immediate action is taken.
Here is a good Bill Simmons article from last all-star break talking about the financial mess the league and its teams are in.
The Sports Guy: Bill Simmons Welcome to the No Benjamins Association - ESPN Page 2