After the deadline was postponed to next Friday, the deadline allowed the NBA to terminate the collective bargaining agreement after the pandemic. After that, the league and the National Basketball Players Association quickly reached a consensus on starting the NBA. The season before Christmas.
There is no guarantee that the coronavirus pandemic will benefit fans this season-and it is predicted that this could cost the league more than $4 billion in revenue-the NBA is worried about delaying the start of the 2020-21 season until January. The loss of revenue for the next season and beyond will increase by 500 million to 1 billion US dollars.
Since the collective bargaining agreement divides the income between the league and the players into 50-50, the consequence for the league players will be a sharp drop in salary.
The NBA and NBPA still have differences before the start date of the season because the league is still boycotting an alliance program that will shorten the regular season by 72 games on December 22 and complete it before the summer Olympics in July NBA Finals, the source said.
The source said that the union had begun to fight back in mid-January, but it hopes to continue discussing this issue with its participants. Sources said that the NBA is getting more and more impatient, and they hope to reach an agreement and make plans at the beginning of the new season.
NBPA Executive Director Michele Roberts (Michele Roberts) publicly and privately expressed doubts whether players would be willing to do so at the start of the new season less than seven weeks after the Orlando bubble restarted at the training camp that is expected to open around December Change. 1
According to sources, there is still a significant gap between the NBA and the NBPA in how the league considers player salary reductions to replace the major financial losses in 2019-20 and the loss forecast for next year. According to sources, the NBA and NBPA separate basketball-related revenue (BRI). The league recently told teams that if there is no ticket revenue this season, 40% of revenue may be lost. According to data provided to league teams, NBA revenues fell 10% to $8.3 billion in the 2019-2020 season.
Most NBA cities still cannot hold public gatherings of more than 500 people. The NBA plans to have no fans playing on the court at the beginning of the season-there is little confidence that they will be back anytime at the beginning of the season as the second round of the coronavirus pandemic spreads across the country.
The games around Martin Luther King Day in mid-January will allow the league to surpass the July Summer Olympics and enter the summer, and the league is worried that TV ratings will drop. Sources said that if the NBA has to compete with the July Summer Olympics for TV ratings, and then is forced to affect the return of the NBA calendar for the 2021-2022 season, then the NBA is expected to experience serious financial turmoil.
Both the NBA and NBPA can choose to cancel the collective bargaining agreement, which will be the end of the world for a world where the league may return to the game in the 2020-2021 season.
The pandemic triggered the force majeure clause in the CBA, and the alliance and union have the ability to terminate the agreement and negotiate a new agreement. However, for owners, it makes more sense to consider such a dramatic option, because the structure of CBA is not designed to withstand such financial losses. Although the NBA reserves the right to terminate the deal-which almost guarantees a long-term suspension of the league-this threat has not yet become a serious factor in these months of negotiations. If no agreement is reached before the new deadline for CBA termination next Friday, it may change.
The NBA and NBPA have expanded their exit windows four times this year, including another Friday, which is sincere in achieving structural changes in the CBA. The source said that at present, the union and the alliance will continue to negotiate throughout the weekend and next week. There is still a lot of work to be done for the season starting on December 22.