The NBA’s locked-out players rejected the league’s latest offer for a new collective bargaining agreement today, with union executive director Billy Hunter calling the proposed deal “extremely unfair.” He said the players’ association is beginning the process of disbanding …
NBA commissioner David Stern was hit with questions today about the league’s upcoming negotiations with players on a new collective bargaining agreement. The bottom line: It doesn’t look good. If this all sounds familiar, it’s because the NFL’s labor talks ended last month with the owners locking out the players and the players suing the league. (The two sides in the NFL dispute finished their second day of court-mandated mediation in Minneapolis today as a judge decides whether to grant the players’ injunction request to halt the lockout.)
By all accounts, an NBA labor standoff could make the NFL’s look like backyard touch football. Whereas the NFL’s main sticking point is how to divide $9 billion in revenue, Stern has said the NBA has been losing more than $300 million a season and offered up today during a press conference that this year’s losses could reach that figure again. (Currently, players receive 57% of the league’s gross revenue, which Stern says is unsustainable going forward.) This shortfall is despite lucrative TV broadcast contracts with ESPN/ABC and TNT that go through the 2015-16 season and pay the league more than $900 million a year. Last year’s NBA Finals and this year’s All-Star Game saw big ratings gains, and more of the same is expected for this year’s playoffs, which begin this weekend.
A roundup of what else happened today on the deal front: HBO and Playtone partners Tom Hanks and Gary Goetzman are determined to show the versatility of Paul Giamatti. He played American patriot John Adams in the miniseries that won 13 Emmys for Playtone and HBO. Now, they’ve got him playing Russian leader Nikita Khrushchev in K Blows Top, an adaption of the Peter Carlson book that is being scripted as a telepic by Paul Bernbaum. Project was brought