NBA labor talks looking bleak

A group of 10-14 owners led by Michael Jordan of all people is refusing to make any more concessions to the players, and apparently would vote down a 50-50 revenue share plan, which the league has suggested and which the players have rejected. Owners are scheduled to meet tomorrow morning, followed by a meeting of league officials and players. But with Jordan, owner of the Charlotte Bobcats, not wanting the player's share to be higher than 47 percent, there might not be much to talk about. Oh, and 50 players are threatening to dissolve the union if anything less than 52.5 percent of revenue is accepted, or if no deal is produced this weekend. Seems like a real mess. Remember, though, it's still November. (NYT)


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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