Today marks the 73rd day that the lockout has been in place. It has been a relatively easy 73 days cause it’s not basketball season. With international basketball taking center stage, the lost season has been on the back burner for a bit. But now with training camp around the corner, the panic meter in getting a deal done has certainly gone from a zero to an 8.5. This morning, Ric Bucher from ESPN, reports that the league owes about $190 million in escrow to all players that were on a NBA roster. Some players, whose salary were much higher than others, a la Kobe Bryant, would get about $2 million in escrow. The funds are being paid because the league’s teams failed to spend 57 percent of all basketball-related income last season on player salaries, as stipulated by the terms of the collective bargaining agreement between the owners and the union.*
As Tuesday rolls around the corner, hopefully with a larger number of players and owners on hand, some kind of forward progress can be reached. Without an agreement that is in place, the season would look like it is headed into another lost season or a shorten season like 1998.
*Ric Bucher – http://espn.go.com/nba/story/_/id/6961449/nba-pay-players-190-million-underspending-salaries-source-says