From The Sports Junkies
The NBA has locked out it’s players after failing to reach a new collective bargaining agreement according to Union chief Billy Hunter, putting next year’s NBA season in jeopardy.
The owners and players met for three hours Thursday, but the sides remained too far apart in their positions. The CBA expires at midnight.
The NBA last had a lockout in 1998-99, and 32 games were missed that season.
Ian Thomsen from Sports Illustrated joined the Junkies and updated everyone with a breakdown of why an NBA lockout is happening. Twenty-two teams are losing money in the NBA and without collective bargaining agreement, owners will continue to lose money with franchises.
Under the current CBA, players take 57% of total revenue generated. Owners are looking to take a bigger piece of the pie. Listen to Ian Thomsen explain the details below.