NBA owners put the squeeze on LeBron & Kobe
Looks like NBA players will soon learn what the rest of American workers have discovered during the current economic crisis: their bosses will use this recession to squeeze their balls in contract talks.
No one is going feel sorry for players making millions—especially when so many Americans are out of work—and that’s just what NBA owners are counting on. That’s why the NBA put its first offer on the table last week, a full 18 months before the current players contract runs out. And that’s why the owners first proposal is a real stunner.
According to Ric Bucher at ESPN, the owners propose to cut maximum guaranteed salaries—now $60 million—by as much as two-thirds. Yes, that’s a potential $..
read more from Jon Pessah http://trueslant.com/jonpessah/2010/02/07/nba-owners-put-the-squeeze-on-their-players/