Michael Jordan, Other Owners Refusing Anything Less Than 50% of League Revenues?

by November 04, 2011

Things were already going to be inevitably tense at this Saturday’s NBA labor meeting, but now, the tension and bad blood promises to be off the charts. The NY Times reports on Michael Jordan (*cough cough*) and other team owners who will not back down from the 50/50 BRI split, no matter what: “A faction of 50 N.B.A. players is threatening to dissolve the union if it compromises further on player salaries. The league is facing an equivalent threat from a trenchant group of owners, who are vowing to oppose any deal that gives players more than 50 percent of revenue. The owners’ faction includes between 10 and 14 owners and is being led by Charlotte’s Michael Jordan, according to a person who has spoken with the owners. That group wanted the players’ share set no higher than 47 percent, and it was upset when league negotiators proposed a 50-50 split last month. According to the person who spoke with the owners, Jordan’s faction intends to vote against the 50-50 deal, if negotiations get that far. Saturday’s owners meeting was arranged in part to address that concern. A majority of the 29 owners are believed to support a 50-50 deal, but they are reluctant to move further. ‘There’s no one who’s interested in going above 50 percent,’ said the person who has spoken with the owners.”