posted on October 31, 2011 08:47
They are close but one issue remains.
The NBA labor deal is about 95 percent complete according to a report in the New York Times on Sunday.
The big issue still is how they divide the $4 billion in revenue.
According to the report, most of the key issues have been settled. The NBA owners and players have agreed on contract lengths, luxury tax rates, trade rules, cap exceptions and other issues.
But the Basketball Related Income (BRI) issue is the main thing that is holding up the season. Right now, the month of November is cancelled but it's obvious that the owners would like this to be settled so they can play by Christmas Day, which usually when NBA fans and sports fans start paying attention.
The league would like to see a 50-50 split at worst of the BRI, while the players want 52.5%. The players earned 57 percent of the revenue last season and have given up $180 million.