So, the lockout has ended. Woo, and all that.
Of course, there’s the usual misinformation and lack of understanding floating around there. The owners got themselves into this position, why should the players have to pay to get them out, and all that.
Here, lemme sum up the whole lockout in a very, very brief paragraph:
Owners: “Hey, we’re losing money. We’re not going to keep losing money, this is stupid.”
Players: “Don’t lie to us, we know you’re not losing money.”
Owners: “No, really, we’re losing money. We’ll lose less money just cancelling the season, so if that’s the road you guys wanna go down, we’re ready.”
Players: “You’re bluffing. You’re making money hand over fist, and can afford to pay us whatever we want to be paid.”
Owners: “Okay, no season then.”
Players: “Oh…. I guess you weren’t bluffing.”
No, really, that’s pretty much the story. And the players pretty much screwed themselves. Not with their current CBA… really, you can’t complain about an agreement that gives them 54% of all revenue. They screwed themselves by letting the season get cancelled. That means less revenue, and *that* means less money to the players.
And the timing of the deal isn’t surprising either. If this was a poker game, then cancelling the season was showing the straight flush. You see that, you fold.
The biggest mistake the players made was letting the season cancel in the first place. Once the owners should their resolve to cancel the season, they should have given in. Right then and there. The only reason they didn’t is they wanted more money. More, more, more.
Even worse, the money would have come primarily from a small fraction of players. Even the current 24% rollback hurts the highest paid players the worst. Going from $5M to $4M is a million lost.
But even that doesn’t make sense. A guy making $10M a year would see a $2.5M a year adjustment down. How many players making that kind of salary have any guarantee they’ll still be playing long enough to make up for the loss of a year’s salary? Not many, I’d bet.
And it doesn’t make sense for the lower players, either. I mean, if you’re a half-mil guy, you probably don’t have a long career ahead of you anyway. Get while the getting’s good, before some young kids come up and take your spot from you.
So, let’s see. Who stands to gain from the overall money paid to players, that will most likely be in the business in 10 years. Hrm…….. player agents, perhaps?