Ronaldo expresses joy celebrating Saudi Founding Day with Crown Prince at Saudi Cup 2025    Volvo returns to Saudi Arabia with Electromin — a bold step toward a sustainable future    Saudi Arabia implements new personal status regulations    Riyadh begins installing nameplates honoring Saudi imams and kings in 15 major squares    Israel delays Palestinian prisoner release as military escalates West Bank operations    Zelenskyy aims for 'just peace' with Russia by 2025, says Ukraine's foreign minister    Germany votes in landmark election as conservatives lead in polls    Trump defends foreign aid freeze, calls USAID a 'left-wing scam'    Bergwijn, Benzema lead Al-Ittihad to dominant 4-1 Clasico win over Al-Hilal    Saudi U-20 team secures spot in 2025 FIFA U-20 World Cup with last-minute winner over China    PIF seeks to expand US investments despite restrictions, says governor Al-Rumayyan Saudi sovereign fund launched 103 companies across 13 sectors, aims to attract more foreign talent to Saudi Arabia    Saudi minister holds high-level talks at FII Miami to boost AI, tech, and space partnerships    Saudi Media Forum concludes with key industry partnerships and award recognitions    Al-Ettifaq stuns Al-Nassr with late winner as Ronaldo protests refereeing decisions    Imam Mohammed bin Saud: The founder of the First Saudi State and architect of stability    'Neighbors' canceled again, two years after revival    Proper diet and healthy eating key to enjoying Ramadan fast    Saudi Media Forum panel highlights Kingdom's vision beyond 2034 World Cup    AlUla Arts Festival 2025 wraps up with a vibrant closing weekend    'Real life Squid Game': Kim Sae-ron's death exposes Korea's celebrity culture    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



NBA fight nears its biggest deadline
Published in The Saudi Gazette on 07 - 10 - 2011

NBA players and club owners face hundreds of millions of dollars in lost revenue and risk alienating loyal supporters as the lockout approaches its 100th day and a Monday deadline to save season openers.
Team owners and players have not been able to agree on how to divide $3.8 billion in annual revenues and on salary cap issues, the gap so wide it could jeopardize the entire 2011-2012 campaign.
NBA commissioner David Stern said when he completed the canceling of all 114 pre-season games that if no deal is made by Monday, what would be Day 102 of the lockout, the NBA would wipe out the first two weeks of its schedule.
“We would like not to lose the first two weeks but it doesn't look good,” Stern said. “When you start losing regular-season games on top of losses in the exhibition season, you have two parties that have been financially wounded.”
Stern forecast wiping out the pre-season games would cost $200 million and NBA deputy commissioner Adam Silver said lost weeks of the season would bring much greater losses much faster.
“They are in the hundreds of millions of dollars,” Silver said. “We're not prepared to share the specifics. But we've spent a lot of time with our teams walking through those scenarios of lost games and the damage will be enormous.”
Billy Hunter, executive director of the NBA Players Association, said the players would lose $350 million for each month of the season they miss. Talks broke off when players were unwilling to accept a 50-50 split of basketball-related revenues, a substantial drop from the 57 percent they enjoyed under the prior contract.
Stern said that once the season starts losing games, it becomes tougher to find middle ground in talks or a way back.
The average NBA player salary of about $5.1 million is the highest in American sport, part of the reason owners say the NBA lost $300 million last season and that only eight of 30 clubs turned a profit.
Stern, whose league laid off 114 people in July, showed no reaction when asked about star NBA players making deals to play overseas during the lockout, notably including Bryant's talks to play in Italy.


Clic here to read the story from its source.