NBA Owners Lockout Players After Failing To Reach Agreement

NBA NEWS: After failing to reach a new collective bargaining agreement on Thursday, NBA owners have locked out the players today.


No one wanted the lockout, but after three hours of negotiations, a deal could not be reached, according to San Antonio’s Matt Bonner, vice president of the NBA Players Association.

ESPN reports:

Players, who previously offered to reduce their salaries by $500 million over five years, considered the owners’ proposal for a “flex” cap, where each team would be targeted to spend $62 million, a hard cap. Although the league said total player compensation would never dip below $2 billion over the life of its proposed 10-year deal, that would amount to a pay cut for the players, who were paid more than $2.1 billion this season in salaries and benefits.

Source: Huffington Post

PFP Sports and Celebrity Talent Agency is a top booking agent for sports speakers, basketball speakers, athlete appearances, endorsement deals and celebrity bookings