NBA Lockout Update
The Breeders Cup betting NBA lockout has caused uproar amongst fans and media alike, as this is the first time since the NHL lockout in the beginning of the decade that a league has been forced to miss time to start the season. No matter how long the NBA season is cut short by the administration and the players union, the only people that will lose are the fans. Today for your bookie software pleasure, we examine how the NBA and its PA should negotiate differently.
NBA owners and administration alike have taken a hardball approach to the strike by the players union. The Owners and administration have cancelled the first two weeks of the regular season, and have threatened to cancel the entire season, should the Union not cooperate. On the contrary, the Union continues to strike, as they claim that the owners are like dictators and refuse to treat them like equals. However, for all the money they claim to be cheating each other out of, the NBA lockout is forcing them to lose even more money.
Essentially, the players union loses $160 million every two weeks that the season is not on. At the same time, the NBA and administration are each losing $800 million with the lockout being on. Meaning to say, both sides really need to work out an agreement here, as not only are the fans losing money, but so to are they.
Earlier today, the NBA and PA loosened their stance on the continued holdout, as they realize the more time they cancel from the season, the more likely the NBA as a whole will go out of business. As a result, today’s meetings between league and union reps couldn’t be more pivotal to the outcome of the lockout.