The NBA is expected to cancel the first two weeks of the regular season if no progress is made by Monday on the current deal. According to Chris Sheridan, the sides are 2.4 percentage points apart on the BRI split.
So essentially, here’s what we have:
- major revenue sharing agreement between the owners
- no hard cap
- a 2.4% BRI gap
Now, using the $40 million per percent BRI calculation, the league and its players are $104 million apart per year (Ken Berger, cited by Sheridan in his article, has it at roughly a $80 million gap). That’s roughly $200,000 per player. That is slightly more than the escrow payment that the owners owed the players. If they meet in the middle, each side has to budge by $52 million. At that business level, those aren’t big dollars.
So for the first time, I’m actually feeling optimistic that the NBA regular season will go on in full. I’m now on record – let’s hope it happens. And please tell me on Monday, because I’m sick of following the negotiations and refuse to do so until Monday ends.