Games are set to be canceled on Monday. The two sides were 80 million apart at the last negotiation. The players will lose the entire gap they were apart from the owners by mid December, yet don't seem to realize the futility of their situation.
There are no meetings scheduled today, and with Yom Kippur canceling any meeting between Sundown tonight and Sundown tomorrow, Sunday is the last chance to bridge the gap prior to games being lost.
According to Adrian Wojnarowski, the league isn't going to offer up 50/50 again.
The NBA owners never wanted to go north of 48.5 percent for the players’ share of the basketball-related income (BRI), league sources say, and commissioner David Stern had lean support when he pushed the most recent offer to 50 percent. There hasn’t been one source in ownership, in management, who believes the players will get that offer again – at least no time soon. Now, the union has boxed itself in with declarations it won’t go that far to get a deal with the owners, so there’s a real chance these two sides are hunkered down again.
In fact, they never really offered it in the first place, but just had a sidebar discussion over the players take if it were offered. Is it already too late?
Not if the players call a meeting today for Monday. Not if they see the futility of holding out to gain the extra 2% when the owners are unlikely to budge and the players will lose the entire benefit of that 2% over seven years by December of this year.
Are the players ready to take significant financial losses to prove a point with the knowledge that they likely won't end up proving the point at all anyway as they'll likely be forced to accept a far worse offer when the lockout is over?
Are the agents really going to steer them down this path of destruction?
The lost revenue is not going to come back. A missed season can't be reclaimed, that money won't be found again, and it dwarfs all the money they could possibly make up even if they won after a lockout [which based on previous history is extraordinarily unlikely].
There's certainly pressure on the league as well. This isn't easy for them either. However, owners claim only a small portion of their revenue as profits and many of their expenses go away without a season. Their loss per game will be a fraction of the players loss.
Owners also have more time to make up the difference. A lost season could cost many players their last NBA pay check. Other players could lose 1/2 or 1/3rd of their remaining NBA money. An owner is going to be reap the benefits of the full agreement over the course of the agreement.
In other words, players, you've seen the NBA's last, best offer. Stern was crafty to make it an informal proposal so that when the NBA declares an impasse and transforms this lockout into a strike, they'll only need to push it through at 47% of BRI.
It's time to call an emergency meeting for Sunday. It's time to bring 50/50 back onto the table. It's time to work in whatever concessions you need to in order to make that work.
You owe it to yourselves to take the best deal you can get. It's not going to get better. There cards have been played, you talked the NBA as high as it's likely to go. It's time to settle. It's not the time for moral stands, moral stands don't apply when millionaires and billionaires are splitting up money.
There is no moral right, just the leverage each side can exert on the other, and the players leverage is gone. The best offer is out there. A stand at this point just costs everyone on their side of the table more and more money.
In short, it's time to end this thing.