NBA lockout has become an intriguing issue for not just fans but team owners as well. Here are some updates
Following the failed negotiation attempt to reach a new collective-bargaining agreement, union president Derek Fisher and executive director Billy Hunter wrote a letter addressed to the players this Wednesday.
The letter explained why the negotiation failed.
In the letter , union president Derek Fisher and executive director Billy Hunter wrote, “Before meeting with the group of 12 owners, we had a very spirited discussion in our own room as we reflected on the lessons learned over the past several years while preparing the players for this labor struggle. The overwhelming feeling was that the players are prepared to sacrifice and stand for what we believe is fair. The clear message we have received from the players, and the one we will heed is not to back down. Yesterday, the owners gave us an opportunity to back down. We refused.
“As the day progressed, no further formal proposals were made,” it read. “We held several small group sessions, in which we each explored different scenarios that our respective sides might consider. During those talks, the owners suggested that they might consider a BRI split likely to yield the players 50% of current BRI. After seriously considering whether we should proceed down this path, our group determined not to do so. … Reducing our share of BRI by 7 points to 50%—a level we have not received since the early 1990s—is simply not a fair split. We refused to back down. As we have done since the beginning, we again indicated a willingness to compromise, and asked the owners to do the same. They refused.”
The letter also warned about the extended lockout that may be imminent, stating, “While this negotiation is far from over, we cannot say now when it will resume again in earnest. For today, the players made a stand.”