Current Video:Horrow: NBA Labor Update|
The Sports Professor, Rick Horrow, has the latest on the NBA lockout.
Automatically Generated Transcript (may not be 100% accurate)
I'm Rick -- with the latest NBA labor update same old same old the issues have not been resolved between the owners and the players and they are basically three. The first one is all about money the revenue split. -- players get 57% of the revenues it's about 2.2 billion dollars and the owners want to get back 700 million. The players have gone up to let's say 500 there are differences but they're moving it seems the second issue involved guaranteed contracts. There about four years on average today the owners want -- reduced to about one they wanted to make it look more like football then today's baseball situation. And finally the possibility of a franchise tag on a major player imagine the difference in the landscape if LeBron James. -- franchised tagged by the Cleveland Cavaliers the world would be different. Well what's the good stuff that's happening today well the NBA looks at that ten year NFL agreement it says we wanna be like them especially the nine billion dollars generated as a consequence of that. And they just signed a four year 250 million dollar deal. Would spread to deal with the future about a fifteen to 20% increase to the NBA. Acts like they're open for business. But they're not the negatives 300 million dollar lost 22 teams even if you quibble with the numbers it makes more business sense to close shop. An open. That's why got to keep a couple of date in mind. 26. And 14 September 2612. Years ago David Stern started canceling pre season games October 14. Those years ago He started canceling the real thing let's hope we don't get there -- wrecked car.