Tuesday, August 30, 2011

NBA Lockout

The NBA Lockout has happen because owners and players cant agree on NBA contracts for next season. The most recent lockout was in 1998-1999 season, which caused them to lost 32 games that were suppose to be played. They also don't have enough money to go into the teams salary caps. The only way the NBA season could start right now is to pay every players a value of one million dollars which would be really bad for the NBA also. For example, an NBA team salary cap depends on how much money a team can player their players. If a NBA team had the salary cap of 55.5 million dollars they could get pretty much get any NBA Superstar they want.For example imagine if the Miamia Heat had Bosh,D.Wade,LeBron,Howard,Carmelo,Stoudmare,Jimmer,and Dirk. Which mean they would probably go to the championship every year and when you win championships you get more money. If your team is a highly favorite then their memorabilia sells go up and when their memorabilia sells are extremely high then it becomes a big part of their franchise. They could possibly rack in up to half a billion dollars just off that. Now for other teams that barely get any TV time or hardly sell out there stadium, its hard for them because they don't have any money coming in and that is one of the reason the lockout is taking place. By the time the lockout is over there is most like going to be some teams delete from the league. Either that or there are going to be some teams moved to different state because they don't have enough money to support there team. Its kinda hard when to owner of your team is rich but the team is about to go bankrupt. So when the lockout is over don't be surprised if you see a NBA team called The Salem Sonic s from Oregon or The Chapel Hill Fliers from North Carolina.


Smith said...

You bring up a great point about the memorabilia. I am curious how you think the current lockout situation is affecting memorabilia sales, especially of the finals teams from last season?

James P said...

I dont think it is effecting memorabilia sells, I was simple stating that when teams dont have high memorabilia sells that it effects there franchise negatively. These teams would most likely to get kicked out of the league. The teams that have a lack of money also would be the first to get moved to another city or state. The teams from the finals are for sure not lacking money from there memorabilia sells. I even bought a mavericks snapback so i know there not lacking any money at all. So therefore I was just stating that some teams lack money from memorabilia sells not that its effecting the lockout SMITH.!!

Upper School Government and Economics said...

One of the main issues in the NBA lockout is the revenue sharing. As James said, teams such as Minnesota and Sacremento cannot earn enough to pay their big time players so such stars as Kevin Love will eventually have to depart for more money. David Stern is hoping to increase revenue sharing by 300%, but that will not sit well with the Lakers or the Heat.
-Jonathan W