Posted by: Kingsguru21 | October 28, 2011

Cautiously optimistic to irritated that I can compare the NBA lockout to a real estate scam

The NBA owners are pulling a real estate scam. A real real estate scam. They are selling a bloated value to prospective buyers to either cover their terrible purchase price or bilk every dollar from their franchises.

Which is why we have a lockout. Because most owners know the public subsidy’s have stopped for them, and the only people to screw left are unsuspecting billionaires. Unsuspecting billionaires who are stupid enough to believe that these ungrateful no good for nothing players—no wait I mean all but the Europeans, South Americans, Carribbean players, Kobe Bryant, LeBron James, Dwyane Wade and Dwight Howard–won’t just know their place and take it.

That’s exactly the type of argument the owners have made with their lockout rhetoric they are hoping you believe. And their clown prince dickhead David Stern has been more than happy to appease them and pass on the message to all the suckers (i.e. the fans and lowly minimum wage part-time employees not to mention the full time employees that have been laid off during the lockout).

We have a lockout because billionaires are trying to scam other billionaires using their real estate (arena’s), adjacent properties nearby (other arena’s and venues built in a similar vein) and the local market (players) readily available for this groovy low price. Assuming you think that low price equates to at least 450 million dollars in more than a few cases.

We are in a lockout because players, as shocking as this is, have an opinion on how revenue should be divided, what competitive balance actually means and think that they being the product means they should have at least a reasonable amount of say.

I’d say the blame for this lockout is 80% owners and 20% players. Most of that 20% is the audacity to have their own opinions and so forth.

So in reality, that percentage is like 99.99999999999999999% owners and whatever ridiculously microcosm percentage remaining for the players. Once the players come down to a reasonable percentage of BRI, that’s the negotiation. If you’re at 50 (and I doubt the owners were at 50) percent of BRI, which the owners “supposedly” were (how am I supposed to trust them?), and the players are saying they are at 52% of BRI (which I believe actually–if only because dragging that out is simply unreasonable), how hard is this to solve? (Note: Simple Math on this is 50 + 52 = 102 / 2 = 51. Hard stuff I understand. Just read it slowly and move your lips. Which is exactly what the NBA is telling you when they say this is hard stuff to negotiate.)

If it was up to me, I would lock all the NBA owners in a burning arena until they admitted the players getting a 51% share of BRI is a fair deal. I wish I was kidding, but it would be a lot of fun to shoot all these guys with bb guns for at least 4 months or so. You know as a reward for this wonderful lockout that was going to “change” the league. Yeah, change the league alright. Give it new green owners who find out within months how they got scammed by the owner who sold them the franchise. Step right up, your garden variety billionaire has a scam all you billionaires gonna love!

******

Onto the links.

Chris Sheridan of Sheridan Hoops:

They are now a mere $80 million per season apart. Their sport generates $4.2 billion in annual revenues. The players have given back $200 million per season over 10 years, a total of $2 billion, which is still not enough.

So the village shall be burned in order to save it. Yes, this is as strange as it is sad and stupid.

Adrian Wojnarowski’s Twitter:

Union won’t accept 50-50 split with many changes of luxury tax/exception system. Players thought NBA would concede a little, get deal. Nope.

Privately, owners saying union left impression they would accept 50-50 if system issues were resolved, and that’s why NBA returned to talks.

Stern talking about league giving “concessions” on allowing NBA players to be paid under current contracts. Amazing.

Stern essentially says: As the NBA loses more money with the cancellation of games, the players can expect owner’s offers to get worse.

Stern: “I know for a fact in short run players will not be able to make (lost money) back, and probably will never be able to make it back.”

And the most important tweet of them all:

Stern used newser to send message to players: You’re bleeding money, and it will get worse. Storm the castle, tell Hunter-Fisher to cave.

One more (and the one that made me laugh quite a bit honestly):

I’m out of here. Heard this a million times.

(This was in response to what Stern was saying to reporters after the presser. All the quotes up top were from the presser itself.)

Nazr Mohammed has interesting points, but rather than going through all of it, you’re going to have read his Twitter timeline. Here’s the best tweet out of a number strong points:

Us being locked out isn’t about basketball. It’s about the division of revenues between promoters (owners) & it’s entertainers (players).

Micky Arison, the Miami Heat owner, had this one tweet:

Exactly RT @FireAndyReidNow: i know its not your fault at this point, its become childsplay. Grown men making stupid decisions over money.

Lester Munson of ESPN.com on how the impending NLRB case the NBPA has filed:

How important is the NLRB decision?

Whether the board decides for the players or the owners, it will change the topography of the dispute. If the players prevail, the owners may face a court action that will end their lockout. That would be a dramatic enhancement of the players’ leverage in the negotiations. It would also be a vindication of NBPA chief Billy Hunter’s decision to avoid the lengthy process of disclaiming union status and pursuing antitrust litigation (as the NFLPA did during the lockout in that league earlier this year) and instead rely on the labor board and its procedures. The most important example of a players’ triumph in an NLRB decision came in the Major League Baseball strike of 1994-95 when the players were successful at the NLRB and then obtained a court decision that ended the owners’ efforts for a radical restructuring of baseball. The court decision by then-federal district judge Sonia Sotomayor forced to owners to abandon their attacks on free agency, high-low arbitration and the anti-collusion clause in their contract with the players.

If, on the other hand, the board rejects the players’ charge, the owners will enjoy a significant increase in the leverage they have created with their lockout. The players would be left at the bargaining table facing the possibility of the loss of a season, likely becoming desperate to make any deal they can.

Steve Perrin of Clips Nation:

Revenue is not profit, which David Stern knows perfectly well. You might technically not be able to “profit share” if you’re losing money, but of course you can revenue share. This whole idea that the owners must have guaranteed profits is the most ludicrous part of the entire lockout, and Stern’s insidious attempts to make that position seem somehow noble by linking it to revenue sharing and competitive balance is beyond the pale. If the NBA had had more robust revenue sharing last season, then the Lakers would have made less money, while some of the other teams would have lost less money. The total would of course have remained the same, but it still would have been helpful to the low revenue, small market teams. Earlier in this process, Stern and Silver have used the line “You can’t revenue share your way out of losses” which is true enough – but not really relevant. If we are to believe their numbers, the NBA certainly needs to lower their overall expenses or increase their overall revenues in order to make some money – but they also need revenue sharing from the rich teams to the poor teams, with or without a new CBA. To suggest otherwise is simply wrong.

To be honest I’m almost afraid to even link to anything Ken Berger is going to end up writing about this fiasco.

Royce Young of CBS Sports (and the excellent Daily Thunder) regarding competitive balance:

But it’s worked so far in Oklahoma City. It worked in San Antonio. Which is why some are quick to wonder why it can’t work in Sacramento, Minnesota or Milwaukee. Why? Because there aren’t 10 Tim Duncans. There aren’t 10 Kevin Durants. And there sure as hell aren’t 10 Sam Prestis or R.C. Bufords. It’s the world we live in — some people are better at things than others. And when you’re better, you see success. Are organizations like the Thunder, Spurs, Wolves and Bucks at a competitive disadvantage? Sure they are. But is it a death sentence for mediocrity? Absolutely not. History says it’s harder to win, but it’s not impossible.

History also says the league doesn’t really care. The league always has and always will look to do what’s best for it, and its owners as a collective whole. Henry Abbott of TrueHoop put it well: “Instead, the league asks us all to celebrate competitive balance—so long as the pain of creating it is felt primarily by the players. When owners could do something real to make the league more competitive, like change the playoff format or pay Chris Paul far more on the open market, they lose interest.”

What does the league want this upcoming season? An NBA Finals featuring the Celtics and Lakers or a competitively balanced Finals with the Bucks and Kings. I think we all know the answer to that. Don’t sell me on looking on for the little man, because we all know what you’re really after — getting your checkbooks competitively balanced.

Henry Abbott of TrueHoop (ESPN.com):

David Stern swears that Friday’s talks ended when Hunter stormed out. And before Hunter did that, Stern says “he said his phone and pager are ringing off the hook with agents.”

Stern’s point: Agents? You’re listening to agents? It’s tough to make a case that Hunter represents their interests. In some cases it’s tough to make a case that agents and Hunter are even allies — if there’s a threat to Hunter’s leadership, it’s from those same men. For instance, agents can earn back lost revenue over however many decades they want to keep working. Players, though, play for just a few years, and may never earn it back.

Stern said the word “agents” with notable disdain, and to highlight that the most strident voices in Hunter’s ear don’t belong to players.

A half-hour earlier, I had asked Hunter to describe how the union went about measuring the mood of the 400-plus players. If they wanted to make a deal, how would Hunter know that? Did they poll?

Jeffrey Morton of Denver Stiffs:

I’m aware that 99.9% of my fellow Stiffs here would reject that sort uncapped idea. I’m not going to put any sort of sway on my thoughts here. I happen to think hard caps only work for competitive balance when rosters are large and players are plentiful (per the NFL.) Or, it could work if there’s a legitimate and fully funded minor league system to develop players (per the NHL & MLB). Talent is spread so thin in the NBA that you need smart drafting and key trades to succeed. That will continue regardless of any cap.

With all that being said, I’m not a big fan of the MLB system because their revenue sharing plan is TOO robust and quite frankly there’s some unscrupulous teams that just take the revenue share and sit on it … making money regardless. If it was Cuban who proposed the plan, then I think he must have been thinking some franchises will both get a hard cap AND sit on revenue sharing money. Yet, we can only guess at this point.

David Aldridge of NBA.com (it’s really TNT)

******

No matter who I link to, it won’t matter. The NBA owners are in this to make the players suffer and be completely aware of they, the NBA owners, might. Yes, this is a religious type issue slash argument almost, or that’s the distinct impression I’m getting from all of this, at this point. In which case, it’s probably appropriate to say “God help us all”. And to point out, why does God care about a game? Or the Owners/Players cut of BRI?

This lockout is a real estate scam. These owners deserve to be thrown in actual jail for criminal behavior similar to petty theft. But that won’t happen. Fences will be mended by next Monday or Tuesday and they’ll doing this again. I’d be pretty surprised if a compromise doesn’t happen a week from now or so given all the bad hits that Stern, the NBA, the owners, and the players are all taking (no matter whether it’s rightfully so).

Let’s just hope sanity, on the owners end for a change, enters the process at some point. Until next time then.

UPDATE: I lied about linking to Berger. You should know me better than that. Here’s the money quote but read the whole thing:

So even at this late date, when they were on the cusp of a deal, each one’s bus has been hijacked — the way union lawyer Jeffrey Kessler said the negotiations were hijacked a week ago. Stern is no longer driving for the league, and Hunter has been booted from the driver’s seat by agents who — justifiably or not — believe the players already have given up too much in this negotiation and shouldn’t give up another dime.

Yes, the two men who were supposedly empowered to make the deal everyone expected them to make Friday didn’t have the juice to get it done. That’s sad, silly, unfortunate, a disgrace — and reality.

Until next time. Or until everybody goes bananas.

(And yes, I do blame the players. But understand something else: The agents don’t trust the owners at this point and it’s hard to blame them. If nothing else, both sides are to blame for not allowing Hunter and Stern to make a deal. Yes, David Stern is still a cockface blowhard. I hate spin for so many reasons. This lockout exercises another reason to dislike it so much.)

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Categories

%d bloggers like this: