Sunday, November 6th, 2011 at 11:35 am  |  105 responses

NBA Owners Give Players ‘Take-It-Or-Leave-It’ Offer


Another meeting, another non-conclusion. The players and owners gathered well into last night, with the result being what many are referring to as a “drop-dead” offer from the NBA, one that the union will have to either accept by this Wednesday—a take-it-or-leave-it date set by the League—or risk losing the entire season. Thus far, there have been no signs that the union is interested in embracing said deal. Great.

Here are some details, via Yahoo!:

NBA commissioner David Stern delivered the Players Association a take-it-or-leave-it offer, threatening the owners’ proposals will become substantially worse if the union doesn’t accept the deal by the close of business Wednesday.

“We’ve been given the ultimatum,” union president Derek Fisher said, “and our answer is, that’s not acceptable to us.”

Union officials scoffed at Stern’s depiction of the proposal, saying the commissioner is merely trying to “strong-arm” the players into accepting a bad deal.

…

If the players don’t agree by Wednesday to accept the proposal – which Stern described as including a revenue split that could give the players as much as 51 percent and as little as 49 percent – then the owners’ new offer would drop to 47 percent of basketball-related income for the players and include a “flex” salary cap.

“We want to allow the union enough time to consider our most recent proposal, and we are hopeful that they will accept,” Stern said, after acknowledging [union attorney] Kessler had already rejected the offer.

We’ll keep you updated as more info makes it way out, but in the meantime, we’re not only left wondering if the players will accept the deal on the table, but also if both parties are really willing to blow everything up…in early November?

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  • vtrobot

    with the damage that they’re doing to their product right now, the owners are probably going to lose more than the remaining amount that they’re still arguing over. especially if they cancel an entire season (which they won’t do any time soon). bruins/isles tonight!

  • http://myspace.com/gametimeweezy Gametimeweezy

    cosign Allenp at 8:58am

  • Jimmy

    The owners will get tax deductions for their losses. NOL’s are considered assets on a go forward basis as they reduce future tax payments. In reality all tax payers get to share in a piece of their losses! The players – they get to reduce the size of their posse which means someone else becomes unemployed because of their lose/lose position. I think they call that trickle down economics!

  • http://slamonline ottoman

    You owners need to take it to another level. Star players 1 million a great living the average player 500,000 you bench warmers 200,000. Still a great living. Your still living in the best neighborhoods. Some of you are not driving Bentley’s but still any car you want. Bentley’s are made for the ultra rich not just the rich. Plus remember tiding to your maker the Lord of Lord’s. If your making 25,000,000 that’s minimum 2,500,000 plus Charity if you want to look good in the eyes of the Lord.
    Give them the offer and stand by it. Don’t back down. Let’s look back at Latrell Sprewell I can’t feed my family on 10 million. What? We could feed a whole country. Owners stop the insanity stop buying these players you are to blame for this fix it. I’m tired of paying $7.50 for a draft beer 12oz.I wish I had a million. ottoman

  • http://slamonline.com Allenp

    You really think you’ll pay less if the owners get a better deal?
    Because tickets and concessions are so affordable at NFL and NHL games.
    Hilarious.

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