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NBA Lockout

July 01, 2011 By: Katchop Category: NBA

NBA owners mean business with their lockout.

Basketball fans need an MBA to follow the NBA's labor dispute.

Basketball fans need a MBA to follow the NBA's labor dispute.

From The Washington Post

As the NBA enters what looks to be an extended lockout, team owners want fans to believe a few things. They want us to believe that the league’s economic structure is fundamentally broken, that 22 of the league’s 30 teams are losing money, and that the league’s core economic problem is player compensation. In other words, they’re saying the players make too much money.

There is a word for what they’re doing on that last point: They’re lying.

They might not be lying about losing money — but the extent of those losses is a matter of considerable debate. The owners claim they lost $370 million last year. But, when amortization and interest are removed, $250 million of those “losses” vanish.

Original Photos floatingthought, mortgagepluscc

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