Players upset with owner’s 46% offer of BRI
"Let’s go," one of the players said, according to a source. "There’s no reason to go back in there." The players decided to return to the bargaining room with a much smaller group. Among those joining Derek Fisher for the second session were LeBron James, Dwyane Wade, Carmelo Anthony, Kevin Durant, Baron Davis and committee member Chris Paul. None of the players joining Fisher sat down during this portion of the talks, a person with knowledge of the meetings said.
HoopsVibe’s Very Quick Call: They both have their ideological line in the sand. And they both are sticking to it.
The owners, for instance, feel the current league financial structure is far too favourable for the players and are sticking to their demands of 54 percent of all Basketball Related Income.
In the last collective bargaining agreement, the owners only got 43 percent of the BRI, so they’re asking the players to take an 11% hit, which translates to a pay cut of billions of dollars per year.
Meanwhile, some players are still looking though rose coloured glasses, thinking it’s the 1990s when NBA franchises printed money and were highly profitable.
They’ve refused any sort of hard cap, but, to be fair, have agreed to a reduced share of the BRI.
Negotiations continue Saturday morning.
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