The nations economy is buckling. Many of the teams in the NBA are losing money. The Leagues revenue is flat, and the salary cap is about to shrink. In 2011, the leagues collective bargaining contract expires which will make even harder times for the NBA. "The owners have the economis wherewithal to shut down the thing for years", said David Falk, an NBA agent. "Whatever it takes to get a system to work long term." Faulk, an agent for the NBA for 35 years as an NBA agent is known by many for his reputation for brutal honesty. Falk talks about the current state of the agent idustry, saying "there's a rampant cheating going on" and "the quality of the representation is low". He blames the union, which certifies agents but provides almost no oversight. The NBA made $3.6 billion last year. The players made $2 billion. Where did the $1.6 billion dollar difference go? Operating costs? Many changes have been made to the NBA's collective bargaining agreement (luxury tax, salary cap, escrow tax). More work needs to be done when it expires after the 2010-2011 season.
http://sports.espn.go.com/nba/news/story?id=3908026&campaign=rss&source=NBAHeadlines
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