Bargain Hunting: A Position By Position Look at the NBA’s All-Value Team

May 30th, 2010 by Charlie Scaturro Leave a reply »
There was once a time in professional sports where the player’s barley made enough money to live off of and many had to work secondary jobs in the off-season just to make ends meet. But today the reality of athletes struggling to get by are about as long gone as Joe Montana’s credibility after doing those Skechers commercials. More recently, sports have become embedded into American culture and television contracts have exploded into billion dollar revenue sources which allow athletes to live comfortably. When it comes to the NBA, we started along the financial path that has brought us to where we are today in the early eighties. In 1983, as part of the new collective bargaining agreement and as a way to keep all teams on a level playing field, the NBA implemented a salary cap for the start of the 1984-85’ NBA season. The agreement stipulated that a team could spend a maximum of 53 percent of its gross revenue on player salaries. In what seems unimaginable in today’s market, the salary cap for the 1984-85’ NBA season was $3.6 million dollars. Over the next 25 years the salary cap has risen incrementally to the $57.7 million dollar cap ...

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