Wednesday, September 29, 2010

Unathorized comments on NBA hard salary cap cost Ted Leonsis $100,000

Welcome to the NBA ownership, Ted Leonsis!  It looks like David Stern threw down the hammer when he fined Ted Leonsis $100,000 for his unauthorized comments regarding the NBA's collective bargaining negotiations and allusion to the adoption of a hard salary cap (i.e. similar to the NHL).  For those of you that don't know, Ted Leonsis is a new majority owner for the Washington Wizards, but he has been majority owner of the Washington Capitals for years.  Therefore, he's familiar with the "benefits" of a hard salary cap.

According to Wikipedia, "In June 2005, the NBA's 1999 CBA expired, meaning the League and the players' union had to negotiate a new agreement; in light of the fiasco that was the 2004–05 NHL lockout, the two sides quickly came to an agreement, and ratified a new CBA in July 2005. The new agreement will expire following the 2010–11 season, but the league has the option to extend it through the 2011–12 season if it wishes. If so, the League must exercise its option to extend the agreement by December 15, 2010."

For any of you that can't sleep and want to read the current CBA (i.e. collective bargaining agreement), here's the link:

Personally, I have very fond memories of the 1998-1999 NBA season and the associated NBA Lockout...  Ahhhh, yes.  Those were the days :-P


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