Monday, June 14th, 2010 at 3:00 pm  |  15 responses

Union: NBA’s Economic Woes ‘Inflated and Inaccurate’

According to a podcast obtained by Yahoo!, Billy Hunter is telling the folks he represents (ie. NBA players) that the League’s claims of woe are nowhere near accurate: “In a podcast distributed to his union membership, NBA Players Association executive director Billy Hunter called commissioner David Stern’s claims that the league has suffered losses of $400 million ‘inflated and inaccurate.’ Hunter is trying to rally the players against a commissioner and ownership that he believes is determined to stage a lockout during the 2011-12 season to deliver unprecedented givebacks and cost certainties with a new collective bargaining agreement. ‘We believe that the NBA owners may have actually been profitable over the past several seasons,’ Hunter said … ‘We are mindful of the potentially negative impact that last summer’s NBA’s cap predictions had on the offers made to the 2009 free agent class and our staff attorneys are currently considering whether the union should file a claim of collusion against the NBA,’ Hunter said. Hunter cited several indicators of why the union believes the NBA is fabricating team losses as it pushes for massive givebacks by the players in CBA discussions. One of the main contentions of the union comes with owners who also possess arenas and television networks, and how money is shuffled around to show losses. Hunter offered Dallas Mavericks owner Mark Cuban’s legal battle with minority investor Ross Perot Jr. as an example.”

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  • The Philosopher

    Shout out to the Sigma Alfa Mu Fraternity… again.

  • somedude

    Inflated and inaccurate, like their salaries?

  • http://slamonline.com Allenp

    If you think ballplayers make too much, you should see what owners clear.

  • http://www.stuffwhitepeoplelike.com Tarzan Cooper

    Once again, phil proves what a tard he is. Alfa? Ha been watchn lil rascals. I wouldnt put it past the owners and stern to grossly overstate their situation. Billy hunter is the only one who can stop the owners from forcing a lockout

  • The Philosopher

    @Tarzan Cooper: We, as mass gentiles have to remember who we are referencing. Mr. Stern. The greatest commissioner in the history of professional sports. No one can touch this man. Do your research, my child, for you will uncover WHY David J. Stern is… The G.O.A.T.

  • http://twitter.com/HarryByrdMan44 LA Huey

    Player’s need to get a provision in the CBA that makes the all franchise-related fiscal matters transparent and just as available to public viewing as player salaries. If we get to know how many millions players make from “playing a game”, we should also know how much owners make for “watching a game”

  • http://theurbangriot.com The Nupe

    It’s going to be an interesting negotiation. Part of the ‘problem’ is the desparity between owners and markets. Some team owners also own the arena and media, others don’t. I’m not sure how to make a fair argument that because they make money from the arena and lose money from the team that part to of the arena money should go to players. It’s like owners trying to claim that some of the money that players make from outside businesses should be used as part of the salary cap. Maybe they should just look at the team owners who ‘only’ own the team as a way to asses how much the L profited. However that wouldn’t cover the L as a whole. Mark Cuban certainly isn’t the ‘typical’ owner so using him as a benchmark is a mistake. But I’m not sure what metric to use. Using the accounting of a team won’t please some and without being able to prove something concrete I think it’s tough for the players union to get much support from the public at large or gain a firm standing on principles of what they would call fairness.

  • The Philosopher

    Stern is going to use the N.F.L./M.L.B formula, in my opinion.

  • http://twitter.com/pdxgaybball dma

    As the NBA ages, I have come to realize that Ernst and Young are some shady accountants. I’m not corporate accountant at all, but I’m sure they know how to hide money. They are also the ones in charge of the NBA Draft Lottery. My conspiracy theory of the day.

  • The Philosopher

    Shout out to The Illuminati.

  • D.

    > Mark Cuban certainly isn’t the ‘typical’ owner
    So white, American males who are multi-millionaires isn’t a good sample?

  • http://www,myczechrepublic.com SAB

    i just stared open-mouthed, dumbfounded at that last comment from D, for about five minutes. unbelievable.

  • JD

    In other words they cba to agree a new CBA

  • http://minusthebars.blogspot.com Don

    Hahahaha @ Illuminati shoutout.

  • http://www.stuffwhitepeoplelike.com Tarzan Cooper

    Silent black helicopters