400 rank-and-file jobs lost in NBA lockout: report
You almost need a Cornell MBA to follow sports these days, though since the NFL avoided missing any regular season action, fans are stuck now navigating a murky labour situation in basketball.
On the surface, of course, it seems like millionaires squabbling with billionaires, and that’s a tough pill for consumers to swallow at a time when, say, Canadians can’t retire to save themselves.
Certainly, the issues surrounding the NBA lockout are complicated – the talks have stalled because of disagreements between players and owners over how basketball-related income, which accounts for everything from ticket sales to concession takes, should be divided, as well as player contract lengths and a bevy of other nuts-and-bolts discrepancies – but right now there’s become a more everyman casualty to this story.
According to a new report, it isn’t just millionaires and billionaires losing out on paycheques. Regular NBA employees, just like you or I, have been caught in the labour crossfire, too.
As expected when there is no on-court product (the NBA season, originally scheduled to start Nov. 1, will begin no earlier than Nov. 28 now), the league has slashed rank-and-file employees as its labour impasse continues.
*Bing: What is the average NBA salary?
By a source printed in the SportsBusiness Journal, about 200 jobs have been cut at the NBA’s headquarters and international offices across the globe.
A further 200 jobs were lost throughout the league’s 30 teams, according to the report.
At a time when it’s apparent belt-tightening is the motif of the day within the league, it’s unclear whether these jobs will be re-instated if, and when, play does resume.
Though how about another business-related basketball story to get you depressed?
Not only does Toronto Raptors star Andrea Bargnani – God, is he really our best player? – look primed to play hoops in Rome this year, but guess who’s reportedly sponsoring his contract fee to the city’s Virtus Roma club …
By Jason Buckland, MSN Money
Posted by: Fan | Oct 28, 2021 9:26:37 AM
If only the fans would get smart and strike... it would fix all of these sports leagues!!
Posted by: scott | Oct 30, 2021 3:13:15 AM
Sports have everything backwards.Crazy how they pay players millions of dollars on how well a player should play instead of paying them how well they played the year before...I don't mean how well they play in school.rookies should paid the same amount when they start and get a bonus for playing better in the years they play,that is the way most people work during there life.
Posted by: PRO OWNER | Oct 30, 2021 10:08:40 AM
Players are greedy. Owners are the ones risking thier money and provide work for thousands of people so how do the palers repay them? By trying to get every last cent a team can earn. The average salary of an NBA palyer is about $1 million dollars ... far more than any of them were to earn if the leauge never existed. Also they are given money on work they haven't even performed so if they have a bad year or a draft dud they owner is still left with the bill. Wake up idiots.
Posted by: PRO PLAYERS ALL THE WAY | Oct 30, 2021 11:41:30 AM
The NBA EXISTS because of the PLAYERS THAT MAKE THE NBA what it is>>>>>>PERIOD.....TRUE B-BALL FANS WATCH THE GAMES ON TV & BUY TICKETS TO THE GAMES TO SEE STAR PLAYERS NOT OWNERS......THE Players SHOULD create THEIR OWN LEAGUE WITHOUT STERN OR HIS SIDEKICK