To answer the question above, its the only arrow left the players have. The owners have the hammer. They can cancel the season. The lawsuit is the players way of saying, "Oh yeah! We'll get that money back, and more, and burn down all of the limits on salaries." The problem is - at this stage in the game - as soon as they press the start button on the nuclear option, the season is gone, because there isn't enough time to put it back together.
The owners have come to 50/50, where we knew this would end up. They gave the players the right to opt out in year 7, one year after the new TV deal. The really draconian stuff – roll backs of existing contract, non-guaranteed contracts, and team hard caps are all off the table. After years of posturing, the owners made the offer everybody knew was coming and it was enough to get a deal done.
The owners are going to knock a year off the contracts and raise the luxury tax. And they will harden the cap some. Again we all know this. The only questions remaining are how much is chopped off the MLE, how much do they limit sign and trades; and how much do the limit the Bird rights. That’s pretty much it. They are pretty far apart on those items, but they could easily meet in the middle on those matters, because it only impacts which players make the 50% of BRI – not how much money is earned. Thus, the players aren’t going to forgo a lot of checks to fight over the size of MLE contracts which aren’t being paid due to the lockout.
Like the Hollywood writers, the players’ union is going to cost themselves a lot of money for no good reason.
Yes, players – you used to make 57%. But everybody has known that this was headed to 50/50, a year shorter contracts, and a slightly harder cap. You could have made that deal in September, yesterday, or today.
Moreover, there is no question that – after the dust settles from the season being canceled in January, the players will have to take 50% plus all of the system changes that the owners want sometime between May and July 2012. That’s exactly what happened in the NHL. The players thumbed their nose at the owner’s last offer, watched in horror and shock as a season went down in flames, and then took the same deal. Same thing with the writers strike.
Instead, the players are prepared to flush money down the toilet based upon the false assumption that the owners aren’t prepare to loose games and a significantly better offer is coming.
Some owners will loose profits, but a lot won’t. And some of the owners would sacrifice a year of profits to lockdown a much firmer cap for solid business reasons.
And the NBA has made it clear for months that, while they felt “spendy” yesterday to save the season, the offer could get a lot worse. Therefore, the system changes could be more significant in November and December.
With the 50/50 offer, the owners now have: the majority of the public on their side, all of the leverage, and time on their side. The game is over players and you lost. Time to take your lumps.