Monday, July 4th, 2011 at 9:10 am  |  6 responses

NBA Players Association Has Warned Players of Lockout Since 2007

You often hear of NBAers saying they’re much better prepared for a work stoppage this time around (as opposed to the last time, in 1998-’99), which is mainly due to the Players Association having driven home the threat of a lockout for a number of years. From the Times-Picayune: “But what of players such as forward Jason Smith, who last season played with the Hornets for just more than $3 million and finds himself now an unrestricted free agent with no prospect of employment until a new collective bargaining agreement can be approved and teams can once again go about the business of basketball? ‘You just have to be as prepared as possible,’ Smith said. ‘And I think a lot of people in the NBA are prepared, myself being one of them. Being prepared to maybe forego no NBA season next year. You have to be prepared financially, prepared to continue to stay in shape and continue to work in the offseason and be prepared for something to happen at any time. I’ve just basically saved for a rainy day. Just manage your finances, your budget, to make sure you cut back on unneeded things. And just be prepared in case the lockout does go on for a long time, and just stay optimistic about it.’ Smith said he has been warned about the lockout possibility since he came into the league in 2007. ‘It’s kind of progressive,’ Smith said.’ At first it was ‘be prepared for a lockout.’ Then ‘there is going to be a lockout.’ Then ‘it could be a long lockout.’ It’s basically just prepare for the worst, expect the best.’”

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  • J.C.

    We talkin’ bout being prepared?

  • david

    just more than $3 million?
    OMG, how will he survive?

  • Doctor J

    At the end of the day the players will capitulate first. They have finite careers which last on average approximately 3 to 4 years. I am not talking about the Tim Duncan’s or the Kobe Bryant’s of the league as they are not the norm. Since NBA players on average only have 3 to 4 years to maximize their earnings any lockout will have a great impact on their lives. Imagine making 5 million dollars for three years and then going to zero immediately. The 15 million is pretax which will come out to 7.5 million dollars after taxes. They will save at maximum approximately 10% of their salaries which leaves them with $750,000 to to live on the rest of their lives. The majority of players in the league are supporting family members as well as wives and family. The $750,000 will dry up quite fast and you will end up with the Antoine Walker syndrome.

  • bull22

    the fans have the power to connect them to the real world and today’s economy.. because who knows as to what world the players and owners live in
    where they are fooling around with a great product..

  • http://dsjfklf.com Jukai

    What the hell– your logic is AWFUL Doctor J. First off, how does someone use up 4.5 million each year? Secondly, that’s 7.5 years of a 200k job before taxes. That’s luxury, man. I’m sure in 7.5 years, the dude’ll have done something else with his life.