Saudi students bag 27 awards at Regeneron ISEF 2024    Civil defense issues weather warning amid forecasted thunderstorms    Public security launches online service for reporting financial fraud on Mada cards via Absher    Ministry of Interior reports over 16,000 violations in latest inspection campaign    Aramco signs three MoUs with American companies to advance lower-carbon energy solutions    King Abdulaziz University launches female admissions in maritime studies    Palestinian death toll nears 35,400 as Israel continues to pound Gaza    Pro-Palestinian protests continue across US campuses amid arrests    White House confirms evacuation of 17 American doctors from Gaza hospital    Tense calm in New Caledonia as France increases security presence    Jorge Jesus praises Al Hilal's resilience after dramatic last-minute draw in Riyadh Derby    Saudi Arabia's RGA implements innovative road technology for Hajj season    Star golfer Scottie Scheffler arrested over alleged assault on police officer    Saudi Arabia joins International Agency for Research on Cancer    Row erupts over portraits of Australia's richest woman    Al-Ittihad's victory drought continues, misses chance to qualify for ACL elite    Al Ittihad CEO frustrated with 'not positive' SPL feedback, announces internal assessment    Cognite Data Fusion now available on Google Cloud in Saudi Arabia    Indian spices face heat over global safety concerns    Glioblastoma: Top Australian doctor remains brain cancer-free after a year    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



‘Owners demand too much in NBA talks'
Published in The Saudi Gazette on 24 - 06 - 2011

NEW YORK: Union officials said Wednesday that NBA players and owners are about $7 billion apart over a 10-year span in their most recent proposals, a significant gap to close to avoid a work stoppage.
So far apart in negotiations for a new collective bargaining agreement that union president Derek Fisher said when players are briefed on the state of the talks, they are in “total disbelief” and ask why they even bother having meetings.
“When we put our spreadsheets up, we put it on the board, we lay it out, everybody's at a loss for how to even begin to close this gap,” the Lakers' guard said.
They have only until June 30, when the current CBA expires, and they'll take another crack at it during another session Friday.
But as they continue to disagree over issues relating to the salary cap as well as the enormous gap in economics, it becomes clear how difficult it will be to avoid a lockout.
“Their demand is gargantuan and we just can't meet it,” executive director Billy Hunter said.
Hunter and Fisher decided to meet with reporters after being caught off guard Tuesday when NBA Commissioner David Stern revealed details of the league's latest proposal during a press conference after a bargaining session. Both sides had largely kept specifics from the media during the negotiations.
Yet Stern and Deputy Commissioner Adam Silver laid out their proposal for what they called a “flex cap,” in which teams would be targeted to spend $62 million in salary, but could exceed that number through the use of exceptions to an unspecified level before the ceiling kicked in.
The biggest surprise for the union: They said owners never mentioned the $62 million figure to them during discussions.
Players insist what was proposed was still a hard cap because there was an eventual limit, and they have said from the start they will not agree to a hard cap.
Fisher said the “flex” cap was a “total distortion of reality,” saying “it's not a flexible cap, it's a hard cap.” Hunter allowed that the players would have to consider a hard cap if they were to receive a much higher cut of revenues. They are currently guaranteed 57 percent, a number they say the league wants to massively decrease.
The league's proposal guaranteed players' total compensation would never fall below $2 billion a year in a 10-year contract, but players earned $2.1 billion this season and believe they would earn more in later years as revenues rose.


Clic here to read the story from its source.