CBA Judgment Day Thread

[Chris]

Quick economic question...Sportsguy tweeted this morning about the "smart" players who deferred money on their contract, so they still get paid during the strike.  Does that actually make sense?  Wouldn't they have been better off being paid that money when they earned it, and then just saved it, accruing interest?  Are they just "smart", because they protected themselves from spending the money too soon?

I do think Simmons is right on with comparing this to the writers strike though.  The players are going to be really regretting the lost paychecks in the end of this, when they still lose out in the end.

[Roy H.]

Quick economic question...Sportsguy tweeted this morning about the "smart" players who deferred money on their contract, so they still get paid during the strike.  Does that actually make sense?  Wouldn't they have been better off being paid that money when they earned it, and then just saved it, accruing interest?  Are they just "smart", because they protected themselves from spending the money too soon?

Maybe his point is that most players suck at saving money, so rather than investing it / earning interest, they would have blown through it?  Now, they have something rather than nothing? 

Otherwise, of course your point makes sense.  Generally, deferring money (especially without interest) makes little sense, because a) you'd be better off investing it, and b) inflation means that a dollar today isn't worth as much as it was a year ago.

[Roy H.]

Apparently, the European market has dried up, meaning a lot of players could be out of luck:

Link

[Interceptor]

Nothing wrong with Lazy Man's Savings Plan, I do this yearly with the IRS. Especially these days, with interest rates in the toilet, and inflation flat as a pancake.

[Chris]

Nothing wrong with Lazy Man's Savings Plan, I do this yearly with the IRS. Especially these days, with interest rates in the toilet, and inflation flat as a pancake.

Well, I am not saying it's wrong, just that I am not sure I would call it a particularly smart move the way Simmons presented it.  He made it sound like these were some forward thinking, financial geniuses...but really, they just don't trust themselves (or their agents don't trust them) with their own money. 

And I do believe those all came from the agents, who knew that this was coming, and wanted to make sure their clients were not motivated to give in early.

[Inside-Out]

It's taxes.  They deferred the taxes with the pay...top rates...smart move.

[celticinorlando]

afraid we are in for a long winter without the Cs

[StartOrien]

Here was my best go at summarizing the issues at hand:

http://planetfun.wordpress.com/2011/10/11/an-idiots-guide-to-the-nba-lockout-written-by-an-idiot/

Apologize for the way links appear, my works firewall and certain flash applications don't get along.

[Adelaide Celt]

Think I'm going to take a long sabbatical from the NBA. I have to, the situation is filling me with too much anger. According to journalists it would hurt the NBA most if that anger turned to apathy, so I'll be attempting to fast track that!

None of the fans deserve this crap. Owners don't want to have to get a smaller private yacht and the players would rather not switch to a cheaper brand of caviar. Not siding with either party would have to be the best advice I've heard this off season.

[action781]

Think I'm going to take a long sabbatical from the NBA. I have to, the situation is filling me with too much anger. According to journalists it would hurt the NBA most if that anger turned to apathy, so I'll be attempting to fast track that!

None of the fans deserve this crap. Owners don't want to have to get a smaller private yacht and the players would rather not switch to a cheaper brand of caviar. Not siding with either party would have to be the best advice I've heard this off season.

Props to you.  If I could do that, I would.  I kinda wish a lot of people would to send a message.  But not too many people though.  I still need people to discuss NBA with when I'm still following.

[Adelaide Celt]

Think I'm going to take a long sabbatical from the NBA. I have to, the situation is filling me with too much anger. According to journalists it would hurt the NBA most if that anger turned to apathy, so I'll be attempting to fast track that!

None of the fans deserve this crap. Owners don't want to have to get a smaller private yacht and the players would rather not switch to a cheaper brand of caviar. Not siding with either party would have to be the best advice I've heard this off season.

Props to you.  If I could do that, I would.  I kinda wish a lot of people would to send a message.  But not too many people though.  I still need people to discuss NBA with when I'm still following.

It's a lot easier to do living somewhere where the announcement of the cancellation of games hasn't even rated a mention in the city's only newspaper.

[The Walker Wiggle]

I just dropped this in the wrong lockout thread. Ken Berger, with the story - once again:

The NBA labor talks are headed for government intervention after the canceling of games drew the attention of the nation's top federal mediator.

George Cohen, director of the federal mediation and conciliation service, will oversee further negotiations between the NBA and its players' association on a new collective bargaining agreement, the agency said in a news release Wednesday. The sessions will begin Tuesday in New York.

[BASS_THUMPER]

i been over a b-ball season...wont be one..when the man gets involved it's over...

so go.....!!!..

[StartOrien]

I just dropped this in the wrong lockout thread. Ken Berger, with the story - once again:

The NBA labor talks are headed for government intervention after the canceling of games drew the attention of the nation's top federal mediator.

George Cohen, director of the federal mediation and conciliation service, will oversee further negotiations between the NBA and its players' association on a new collective bargaining agreement, the agency said in a news release Wednesday. The sessions will begin Tuesday in New York.

That's good news

[Chris]

I just dropped this in the wrong lockout thread. Ken Berger, with the story - once again:

The NBA labor talks are headed for government intervention after the canceling of games drew the attention of the nation's top federal mediator.

George Cohen, director of the federal mediation and conciliation service, will oversee further negotiations between the NBA and its players' association on a new collective bargaining agreement, the agency said in a news release Wednesday. The sessions will begin Tuesday in New York.

That's good news

From everything I heard, Cohen is the best man for the job, and at the very least should end the games that are going on in the negotiating room.  However, on the downside, the NHL went to a mediator just a couple of days before canceling the season, and the NFL went to a mediator, just a couple of days before the union decertified...so this could be as ominous as it is a positive step.

To me, this means one of two things.  Either the sides are serious about getting something done, and they think this can help facilitate it, or they have hit a real impasse, and are doing this (perhaps for part of the show), right before they REALLY blow things up.