The Collective Bargaining Agreement signed six years ago by the NBA Players Association and NBA expires June 30. And though commissioner David Stern said both sides are talking, there has been no indication that they are close to approving a new deal. "Forget all the money issues," the Indiana Pacers All-Star forward said. "I feel like we're just now getting all our fan support back from the (1998) lockout, and here we are again worrying about what's going to happen. "Nobody wants another lockout, but the reality is that until there's a deal, anything is possible. And that's what worries me and every other guy out here." The silence from both sides frustrates players who lived through the previous lockout.
The main issue that could hold up a new deal is the owners' desire that players give up six- and seven-year guaranteed contracts in favor of three- or four-year guarantees. The owners also want to increase the luxury-tax rates for high-spending teams and lower the tax threshold. Players prefer the current long-term guaranteed contract format. They also want more flexibility to the trade rules and lower tax and escrow thresholds. Other potential points of contention include age limit restrictions on draftees favored by the owners, and a restructuring of the league-sponsored minor league system.
Originally posted by KawshenThe main issue that could hold up a new deal is the owners' desire that players give up six- and seven-year guaranteed contracts in favor of three- or four-year guarantees. .... Players prefer the current long-term guaranteed contract format.
Obviously the players are going to want longer guaranteed contracts, but if you see what these contracts have done to some teams, you can understand the owners wanting them reduced. 4 years is still a long time in professional sports, I think anything more than 2 or 3 years for any player is still taking a risk. I can see the players want the security and the respect of a long term contract, but it doesn't make good business sense.