Taking a cue from LeBron James, David Stern has advised his owners and the players' union to "bring their negotiating talents to South Beach."
NBA owners and the Players Association will meet Wednesday to try to make some progress on a new labor deal, with a lockout scheduled to go into effect July 1.But Stern is not hopeful that the two sides will get any closer, with owners and players far apart and the current deal set to expire June 30.
"It's going to be a challenge to the owners and the union to reach the right deal," the NBA commissioner said Tuesday night before Game 1 of the Finals. "The question is really whether we're going to be bold enough to negotiate as opposed to posture."
The two sides are also scheduled to meet twice when the series shifts to Dallas next weekend.
With the league claiming that 22 of its 30 teams are losing money, owners want to drastically reduce players' salaries and benefits from the current 57-43 split of revenue enjoyed by the players. They're looking for a 50-50 split, along with replacing the soft salary cap with a hard cap. Players, meanwhile, do not want to blow up the current economic system.
With the league claiming that 22 of its 30 teams are losing money, owners want to drastically reduce players' salaries and benefits from the current 57-43 split of revenue enjoyed by the players. They're looking for a 50-50 split, along with replacing the soft salary cap with a hard cap. Players, meanwhile, do not want to blow up the current economic system.
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