NBA Lockout 2011 Countdown: Work Stoppage Looms at Midnight

NBA owners and union representatives broke off talks after a three hour negotiating session this afternoon, making the NBA's first work stoppage since 1999 appear inevitable once the current Collective Bargaining Agreement expires at Midnight EDT tonight. Our own Alex Laugan did an excellent job explaining some of the issues at hand here, and the New York Times explains more details around precisely what a lockout will entail. An excerpt:

Players and teams will be barred from contact with each other. Paychecks and health care will be suspended indefinitely. And all league business will cease until the owners and players find the means to overcome their philosophical and economic differences.

The last NBA work stoppage ran from July 1, 1998 - January 6, 1999. The '98-'99 regular season ran only 50 games and didn't start until February 5, 1999. No all-star game was held that season. In short, it sucked. We can only hope for a quicker settlement this time, but the sides remain far apart as the owners, led by commissioner David Stern, push for significant rollbacks in player salaries and implementation of a "hard" salary cap. Little progress has been made in negotiations so far.

Everybody loses in this, but most of all the fans who make the league viable with our support. Be frustrated, be angry, be sad, be cynical. What do you think, Bright Siders?

[Note by Seth Pollack, 06/30/11 2:45 PM MST ]

Here's a fun little read about team's "losing money".

 

Exclusive: How (And Why) An NBA Team Makes A $7 Million Profit Look Like A $28 Million Loss
Remember this the next time David Stern says the NBA's economic system is broken. "The bottom line about the bottom line," Fort says, "is that even if it looks like they're losing money, it doesn't mean they're losing money."

SB Nation Featured Video
X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Bright Side Of The Sun

You must be a member of Bright Side Of The Sun to participate.

We have our own Community Guidelines at Bright Side Of The Sun. You should read them.

Join Bright Side Of The Sun

You must be a member of Bright Side Of The Sun to participate.

We have our own Community Guidelines at Bright Side Of The Sun. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker