Thursday, October 21st, 2010 at 3:05 pm  |  72 responses

David Stern Wants NBA Player Salaries Cut by One-Third

One-third? Wow. This is the type of report that keeps Billy Hunter up at night. From the AP: NBA commissioner David Stern says there was no quantifiable progress in collective bargaining talks over the summer, and the league has revealed it is seeking a reduction in player salary costs by about one-third. Stern says the league wants player costs to drop by about $750-800 million. Deputy commissioner Adam Silver says the NBA currently spends about $2.1 billion annually in player salaries and benefits.”

  • Add a Comment
  • Share
  • RSS

Tags: , ,

← Older Comments
  • flipnoyce

    Stern must be losing his damn mind. He needs to resign and find something else to do, like the WNBA. If thats the case then owners would make less and Athletes would make less and game seats should also be reduce to one third. I’m game!

  • barnabusb

    I wish everything could be scaled back by a certain percentage, from player’s salary to ticket cost to merchandise cost to hot dogs at the stadium. Just bring everything down a notch or two so people can enjoy the game and it’s not such a crazy money machine.

  • Papou

    I would remove the comment if I could, I didn’t write it. A buddy of mine was reading the news and since the Name & Mail fields keep my info in memory he just went for it. I asked him why and he said “TROLLING YOUR NAME IN THE MUD BRO!

    We laughed and went to play basketball.

    None of us are racist and none of us have ever met or known a jew. We have no opinion on jews whatsoever. He fed off an old stereotype I guess.

    Peace

  • Papou

    Oh and yeah, sorry if this offended anyone, I understand because I cringe everytime I see people make comments on canadians or people from Quebec just out of pure ignorance.

  • Coney Islander

    I’m gonna miss the NBA :o (

  • MikeC.

    Stern needs to grow a lockout moustache to show the players union that he means business and is not to be trifled with.

  • lazaruz

    europe lets go!

  • neaorin

    In business talk that means the owners would settle for a 15-20 percent payroll reduction. Would the PA be willing to accept that? Not bloody likely, old chap.

  • http://www.laumol.nl/weblog Laumol

    I’m with Eboy and also volunteering for a rosterspot in next season’s lockout. Any GM have interest in a white, European guard with little hops and no reliable jumpshot (or freethrow for that matter)?

  • http://www.need4sheed.com Tarzan Cooper

    papus explanation and comments are very odd. never met a jew?? heres a way for the league to save money: stop throwing away money at the wnba, make it profitable or drop it. they make more money overseas anyways…….. speaking of such, if a lockout persists, could players go to europe? im sure free agents could.

  • http://www.need4sheed.com Tarzan Cooper

    Garnett once tried to bet a referee a cheeseburger that he didn’t commit a foul the referee had accused him of.

  • Lockout

    Hello Eboy, and thank you for your interest in playing for our Miami Heat. I have seen your C.V in the Slam comment section and unfortunately I believe you are lacking the necessary comprehension and mental fortitude required for such a fast paced sport. Please do take the time to make some attitudinal adjustments and perhaps re-apply to our very progressive D-League. Warmest Wishes, Lockout.

  • http://www.slamonline melvin ely

    @tarzan, that was Duncan, and the referee was Crawford.

  • http://www.acb.com A l a n

    I guess this means Stern is also considering to reduce price tickets by 1/3…

  • http://www.google.com/news BETCATS

    Stern is getting too greedy. After he made the NBA a force he has began to try and find money in new ways. Between taking away money and NBA Europe (having NBA teams expand to Europe) i am not sure which is crazy and which is crazier.

  • Pingback: SLAM ONLINE | » NBA to Explore Contraction?

  • ClydeSays

    Stern would have to show a history of declining profits and projections that profits would continue to decline in order to sell that kind of pay cut to the Union.

    At the end of the day, isn’t the NBA a media brand? Shouldn’t they operate like one? Players should share in the profits of merchandise, tickets sales, etc. If the companies profits suffer, that will have an impact on wages & contracts.

  • http://Slamonline.com Caboose

    Ok here’s my solution. The marquee players’ salaries are right where they should be (Bron, Kobe, Dwight, Durant, etc). It’s the average players with the 4-10 million per year deals that hurt. Therefore, if Stern wants a paycut, he has all 30 teams calculate what 10% of their total player salary is. Then, the owners and GM’s cut that amount of money from whatever players’ salary on their own team they wish (no more than 25% of one player’s salary). Then, lower the mid level exception to under 5 million, decrease the salary cap by 10%, the hard cap by 20%, lower the veteran minimum, and decrease the power of Bird Years.

  • hello

    I have a better solution, make the fans pay, they have been paying so far, so raise the ticket prices. There will always be someone willing to pay.

  • http://Slamonline.com Caboose

    I remember that game melvin ely, that was hilarious.

  • CommonSense

    The NBA needs to be shut down for 2 years! This way they could reorganize and players would be forced into living off realistic contracts.

  • STATUS

    That guys “jew” comment was stupid and bigoted, but being Jewish is a religion NOT a race. Jewish people come in all races.

← Older Comments
Advertisement