Having pushed back the deadline until next Friday allowing the NBA to issue notice of the termination of the post-pandemic collective bargaining agreement, the National Basketball Federation and the National Basketball Players Association is shortening the time it takes to settle. most about starting the NBA. season before Christmas.
And there is no guarantee that the coronavirus pandemic will allow fans to enter the arenas this season – and predictions could cost the tournament more than $ 4 billion in revenue – the NBA fears a delay in catch. The beginning of the 2020-21 season until January could damage sources claiming the tournament has an extra $ 500 million to $ 1 billion in losses over the next season and beyond.
The consequences for the players of the tournament will be a sharp drop in salaries due to a collective bargaining agreement that divides 50-50 revenue between federations and players.
The NBA and NBPA remain in conflict from the start of the season, with the federation rejecting the league plan to open a regular 72-game season on December 22 and complete the NBA Finals before the Olympics. summer in July, the sources said.
The federation had opposed starting mid-January, but wanted to continue discussing the matter with its players, sources said. There is a growing degree of impatience in the NBA, they want to make a deal and plan the new season to start quickly, the sources said.
NBPA CEO Michele Roberts publicly and privately registered doubts about a significant portion of the players̵7; desire for such a change to start the new season after the bubble reboot Orlando ends less than seven weeks before training camps are supposed to open around December 1.
Sources say there is still a significant gap between the NBA and NBPA on whether the tournament will address the players’ salary cuts instead of a significant financial loss for 2019-20 and forecasts for more losses. in the next year. The NBA and NBPA divide Basketball Related Income (BRI), and the tournament recently told teams that 40% of that revenue could be lost without a receipt at the portal this season, sources news said. NBA revenue fell 10% to $ 8.3 billion for the 2019-2020 season, according to data provided to teams from the tournament.
Most NBA cities still cannot have public gatherings of more than 500 people. The NBA plans to start the season without fans in the arenas – with a bit of confidence they’ll be able to return at any time at the beginning of the season as the second wave of the coronavirus pandemic pervades. country.
The mid-January kick-off around Martin Luther King Day will take the tournament past the July Summer Olympics and enter the summer months, where the federation is concerned that TV ratings will plummet. The NBA estimates there will be significant financial turmoil if the tournament has to compete with the Summer Olympics for television ratings in July and are then forced to impact a return, the sources said. NBA schedule for the 2021-2022 season.
Both the NBA and NBPA have the option of tearing up the collective bargaining agreement, which will be the doomsday scenario for the tournament’s ability to return to play in the 2020-2021 season.
The pandemic triggered the Force Majeure clause in the CBA, and both the federation and the federation have the ability to terminate the deal and negotiate a new one. However, it makes much more sense for owners to consider such a dramatic option because the structure of the CBA is not intended to sustain these types of financial losses. While the NBA has reserved the right to terminate the deal – which would almost guarantee an extended suspension for the tournament – that threat has yet to be seen as a serious factor in protracted negotiations. this many months. If there is no agreement by the new deadline next Friday on the CBA termination, that could probably change.
The NBA and NBPA have extended that opt-out four times this year, including again on Friday, as a gesture of goodwill towards achieving structural changes to the CBA. Currently, the union and the union will continue to negotiate over the weekend and next week, the sources said. For the season to start on December 22, well, there’s a lot to do.