The NBA lockout had many twists and turns and finally there was an agreement that was reached. The lockout could have been avoided, making this unsettling for fans and players. National Basketball League Lockout The NBA lockout has many twists and turns since July 1st 2011. The players and the owners of the teams have many decisions to
4. Other * Unrestricted Free Agent * Free to sign with any teams * Restricted Free Agent * Current team can match offer from another team to keep player * Sign and Trade Agreement * Team must trade player with this agreement * Releasing players * Guaranteed contracts will go against team’s payroll if they release a player * Luxury Tax * Tax level is placed so that team won’t exceed the cap significantly * If over luxury tax, there will be fines. 5. History * 1998-99 NBA lockout * Shorten games to 50 * Lasted for 204 days * TV ratings and ticket sales declined for several seasons * MJ’s retirement also affected these factors Conclusion The NBA salary cap is more complicated than the other major sports in America. I hope that you learn why they are having issues with coming up with a new contract, and how complicated it can be.
In 2004, delays and stoppages to the firm’s production due to the collapse of equipment cost Alliance $2.6 million in repairs and a two-week shutdown. Alliance’s obligation to pay a divide payment of $3 million to National Industrial Supplies, and their previous $4 million annual loan repayment to their bank cripple the firm’s ability to finance expenditures. The firm is facing a difficult decision with choosing between postponing capital improvements, renegotiating debt obligations, or reducing dividend payments to National. Capital improvements will potentially save the firm money in costs for repairs, production delays, and plant shutdowns. Moreover, Alliance’s customers are sensitive to delivery times.
My assessment of the relationship between the union and the company has been very strained over the past couple of years. The company has a complete new front office that has no understanding of the past practices, culture, or the working environment because of that they have begun to repeat some of the past mistakes of other managers. In 2004, there was a major layoff and retirement phase with almost no transference of information and no one left to mentor those new employees. The new management team was truly in a hurry to fail and did just that costing the company hundreds of thousands of dollars in the process in failed policies and lost arbitrations. Currently, the relationship is full of distrust and misunderstands that may take years to
The Rays would therefore charge 150 million to the investor (316+150=466, 150/466 = approximately 32 %). Current Salaries for the 2011 season amount to approximately 42 million. This would generate a good amount of surplus funds to go out and buy players via trade or free agency that can help market the team easier and raise revenue. The excess cash can also be used to cover existing costs, make stadium renovations or anything that will help in increasing net income. Promotion Excess money stemming from a hopeful investor will allow there to be more funds for advertising and sales promotions which will in turn create more revenue through sponsors.
Talking about the 18,000 people who die a year because they don't have health insurance and the ones that do go broke, loose their houses and even go bankrupt because of health insurance co-pays. Not to mention the one seventy nine year old man the video showed, having to work at the age of 79 to afford his wife's medicine even though he was on medicaide, and will have to work till he dies. Then the part where the video
The National Football League is in contract negotiations with its players and is getting ready to do a player "lockout." If that happens, players won't be able to play, fans won't have a football season and local economies that rely on football will be devastated. The NFL and team owners don't appear to care what a lockout costs communities and fans -- they only care about their own profits. The NFL's set to make billions of dollars, even without a football season. But if they do that, players and fans lose.
On Black Thursday, The Wall Street Crash of 1929, October 24 also known as the Great Crash was terrible, it was the worse stock market crash ever. The market crash was one of the major causes that led to the Great Depression. There was a huge crowd of people trying to withdrew there life saving but couldn't. They were left with loans and debt they couldn’t pay. Two Months after the crash , stockholders had lost more than $40 billion dollars.
This is when gambling turns from fun, into a full time stressful job. People are no longer satisfied with small wagers because they no longer get the “rush” or “high” of winning. They begin betting more and more money and their situation becomes serious. An addict may get a paycheck at the end of the week and go straight to the casino with it. Once all the money is gone, what do they have to live off of?
Still, if this part of the labor deal is not negotiated it could result in an NFL lockout that could result in devastating losses for players and owners. The author is making this argument due to the fact that the National Football League has an annual 9 BILLION dollar revenue intake and every Sunday that there is not a game could result in hundreds of millions of dollars being lost not to mention the offseason losses and most importantly fan’s would lose their beloved football season. Bringing urgent awareness to this matter is of utmost importance to the author as this is a time sensitive situation where it is looking as if neither side is willing to budge and actually instead arguing about what should be done. A target audience for this article would fall into that of the NFL fans. Plain and simple the NFL fans are the fuel that keep the NFL going for if there were no fans to watch it, there would be no revenue for players and no revenue for owners.