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"Hard Caps" Are the Reason for the National Basketball Association Player Lockout of 2011
The year 2011 is a difficult year for basketball fans. There is a player lockout in effect, which will likely end up costing half the season. Why did the owners resort to player locking? And is there anything to be done to save the 2011/2012 season?
The National Basketball Association was founded in 1946. Since then, the NBA has made a name for itself, making basketball one of the most popular sports in the United States. Unfortunately, lockdowns are part of almost every sport. They are the result of owners losing millions of dollars. It’s hard to believe, but the NBA has lost over $600 million over the past two seasons. However, that hasn’t stopped teams from spending hundreds of millions on just a few players. This is what the owners do not agree with.
What is the National Basketball Association player lockdown? This means the NBA has shut down all operations. There will be no games until the issues are resolved. Wages will also not be paid. Unfortunately, the new season is supposed to start in November and there is hardly any time left to negotiate.
So, is containment a lose-lose situation? First of all, owners are already losing money. However, they are not the only ones involved in the NBA. Basketball players will not receive a salary if they do not play. There are also many regular people involved in the NBA who will also find themselves out of work. Basketball fans can’t watch their favorite teams go head-to-head. Even though the lockdown is a lose-lose situation, no one gives in.
What do professional basketball players want? They want their salaries to be exorbitant, even if they don’t perform well on the pitch. That generally won’t be a problem, were it not for the $300 million loss the owners suffered in the previous season. Applying a hard cap means smaller teams will become more competitive. On the other hand, teams like the Los Angeles Lakers won’t be able to spend $100 million on the player alone.
The National Basketball Association has been rocked and the new season is almost certain to be a disaster. A foreclosure isn’t good for anyone, but owners want to see a profit and they aren’t giving up. Their demands are twofold. First, put a limit on the amount of money each team can spend on an individual player. And second, being able to breach a contract if a player’s performance significantly robs him.
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